73 Mo. App. 527 | Mo. Ct. App. | 1898
This suit is found upon the following contract and supplemental contract:
“This agreement, entered into by and between Robert A. Moore, Plora L. Moore andH. A. Hutchins, on the first part, and C. W. Stephenson, 0. H. Groffe, J. D. Frazee and W. S. Farmer, representing the Springfield Furniture Manufacturing Company, on the second part, provides that on the fifteenth day of October, 1893, said R. A. Moore, Flora L. Moore and H. A. Hutchins shall pay or cause to be paid to said Stephenson, Groffe, Frazee and Farmer, or their authorized agent, the sum of $350, with interest from date until paid at the rate of 8 per cent per annum, under the following provisions, to wit: ‘Said Moore, Moore and Hutchins shall take immediate possession of and use at their factory 1 Eagan scroll saw, 1 Boult carving machine and 1 Sturtevant blower, with heater and pipes attached; also such lumber, patterns and other personal property now belonging to said Stephenson, Groffe, Frazee and Farmer, or to the corporation known as the Springfield Furniture Manufacturing Company, situate on their old factory premises, except such as is mentioned in a certain deed of trust given by said Springfield Manufacturing Company to
‘‘Witness our hands this 1st day of October, 1892.”
Agreement “B” attached is as follows:
‘‘$350. Spking-field, Mo., October 15, 1892.
“One year after date we promise to pay to the order of O. W. Stephenson, Chas. H. Goffe, J. D. Frazee and W. S. Farmer $350, with interest at the rate of 8 per cent per annum. This note is mad¿ in accordance with, and forming a part of, a certain agreement of date of October 1, 1892, and its value and payment is. -conditioned upon the continued and peaceable possession of the property therein described, and payment of this note pays in full all obligations of said contract. Duplicate of said agreement hereto attached. Signed by defendants and indorsed by said payees.”
Stephenson, Goffe and Frazee sold and assigned their interest in these contracts to W. S. Farmer. Farmer died and the plaintiff, his widow, obtained title to the property belonging to her husband’s estate through an order of the probate court of Greene county, made under the authority of section 251, Revised Statutes 1889. The defense was that the contracts were conditional only, and that it was optional with the defendants to keep the property and pay for it or to return it and pay damages, if any, and rental for the
The contracts were read in evidence; the assignment to W. S. Parmer, proof of his death, and it° was admitted that plaintiff became possessed of all her husband’s property by virtue of the order of the probate court. On the part of defendants it was admitted that defendants had tendered back the property mentioned in the contract before suit brought and still tendered the same, and that the amount of payments made by them were sufficient to pay for the use of the property since it came to their possession. Appellant’s contention that the contract and supplemental contract give defendants the option to retain the property and* pay its agreed value or to pay rent for its use and return the property, is not in our judgment a correct interpretation of the contract. . It will be observed that the contract as first made fixed no time for payment for the property or for its return. The supplemental contract seems to have been made to correct this defect and oversight. Reading the contract and the supplemental one as a whole, and taking into view all of their provisions, it seems to us that the contract is one of sale with the right reserved in the vendors to retake the property if not paid for in one year, and to collect the value of the use of the property for the time it should remain in the possession of the defendants, or to collect the selling price with eight per cent interest; the option, if there be one, is in the sellers, and not the