119 Ga. 153 | Ga. | 1903
The facts in Lindsay v. Warnock, were very similar to those in the present case, and the decision there made is really in line with the well-settled rule as stated in the text-books to which we have hereinbefore referred. It was held in that case: “Where by a written contract the owner of a tract of land stipulated to convey to the other contracting party a half interest in all the minerals that the latter might find, open, and develop ‘ to the extent that it will justify the employ of labor, ’ with timber and water for mining purposes, the other party stipulating in the writing to prospect the land within a specified time at his own expense, and the latter having complied with this stipulation and discovered, opened, and developed a mineral of unknown name but of sufficient value to justify the employment of labor in mining the same, equity will, at his instance, compel the former to specifically execute his contract to convey in accordance with its terms. There was no want of mutuality in the terms of the contract as set forth in the writing; and the failure to sign the writing by the party who performed his undertaking is of no consequence, after full performance on his part.” In Morrow v. Southern Express Co., the agreement was entirely without consideration, and Mr. Justice Little, who delivered the opinion, said : “ There are instances in which a promise, though a mere nudum pactum when made, because the promisee is not bound, may become binding on his afterwards furnishing the consideration contemplated.” Nor does the case of Perry v. Paschal help the defendant; for it was there held: “ Where one by written agreement binds himself to convey to another a designated tract of land upon the payment of a sum stated, and by the same agreement likewise undertakes to extend the
Judgment affirmed, with direction.