63 Minn. 484 | Minn. | 1896
This action was brought October 30, 1893, to compel the execution of a certificate of redemption of real estate from a mortgage foreclosure sale.
The sale took place on October 5,-1892, and a certificate was executed to the defendant, and duly recorded. On October 5, 1893, the last day for redemption, the plaintiff, as the court finds, duly tendered to the sheriff who made the sale the full amount necessary
To keep a tender good the party making it must keep the money (not necessarily the identical coin or notes, but money of like kind) so that he may produce it when required, and in this way keep the tender open for the acceptance of the other party whenever he expresses a willingness to accept it'. To keep a tender good it is not necessary that the party should keep the money on his person, ready to be paid over the instant it is demanded. He may deposit it in a bank or other place of safe-keeping, but he must have it contin,uously on hand and under his control, so as to be able to pay it over-when requested. The cardinal principle of the doctrine of tender-is that it is substantial performance. Hence it must be continuing;that is, there must be a continued readiness. The universal rule is-, that a tender, in order to be effectual for any purpose, must be kept good, except-in cases where the mere refusal to accept the tender effects a particular result. Thus the refusal to accept a sufficient tender per se discharges the lien of a mortgage; and we have held: that, this being so, a failure to keep the tender good does not restore or revive the lien. Moore v. Norman, 43 Minn. 428, 45 N. W. 857.
In this case plaintiff's right to redeem is predicated wholly on the tender; for, confessedly, but for that, his right to redeem has expired. After foreclosure of the mortgage, whereby plaintiff's interest in the property had become merely a right of redemption, the refusal of the tender did not per se divest the defendant of his interest, or revest a clear title in the plaintiff. Care must be taken to distinguish the case from those where the rights of the plaintiff were not dependent upon a tender, the tender being only important as bearing on the question of interest and costs. Here the tender was the very foundation upon, which plaintiff's right of action depended. Hence, not having been kept good, it is ineffectual for any purpose, and plaintiff stands to-day precisely as if no tender had ever been made.
The findings being inconsistent, and the original finding not having been set aside, the only disposition we can make of the case is to reverse the judgment, and grant a new trial. So ordered.