10 S.D. 386 | S.D. | 1897
Plaintiff obtained judgment in this action to enforce specific performance of two contracts to purchase real property, and the defendant appeals. Respondent, in his brief, makes the following accurate statement of the essential facts: ‘ ‘In the year 1890 the plaintiff, a nonresident of the state of South Dakota, made two purchases of lots in the city of Pierre, South Dakota, of the defendant, Charles L. Hyde. These two purchases were each of two lots, and at the time of making said purchases, and as a part of the contracts of purchase, and in consideration of the plaintiff so purchasing said lots, defendant, Charles L. Hyde, entered into two written agreements, wherein and whereby he agreed to repurchase the said lots at the end of two years from the date of purchase of the plaintiff, for the amounts of purchase money paid to him by the plaintiff, with 8 per cent, interest, should the plaintiff, at the end of two years, desire to sell. In 1892, at the time these contracts to repurchase matured, the plaintiff notified the defendant that he desired to sell in accordance with the terms of the contracts; but at the request of the defendant, and in consideration of the defendant paying up the interest until the date of maturity, the contracts were renewed by the plaintiff for two years longer. At the expiration of the two-year period of renewal, the plaintiff again notified the defendant of his desire to sell and dispose of the lots in accordance with and according to the terms of the contracts, and tendered to the defendant good and sufficient warranty deeds to said premises; but the defendant refused to purchase, or to carry out the terms of the contracts,”