38 Iowa 341 | Iowa | 1874
The settlement of the conflicting claims between plaintiff and defendant, and the prevention of litigation respecting the lot, together with the subsequent peaceable possession thereof, constituted a valid and sufficient consideration for the payment of the $125. 1 Parsons on Contracts, fifth edition, page 438,' and cases cited.
In legal contemplation the effect of this contract is the same as though plaintiff had given up his naked possession, and gone into possession under the lease. He became the tenant of defendant for twenty-five years upon condition of paying a yearly rent of twenty-five dollars. And under the possession so acquired he occupied the premises a little more than six years before the suit at law was instituted, and made the
This consideration seems to us to be decisive of the case.
Affirmed.