7 Blackf. 568 | Ind. | 1845
— This was an action of debt brought by Woods, as assignee of one Lewis, on a sealed note executed by the defendants, Hart and others, for the payment of money. The cause was submitted to the Court on the following agreed case:
The note on which this suit is brought, was given in part payment of the purchase-money of certain real estate in Henry county, bought by Hart and Tate, two of the defendants, of John Lewis, the plaintiff’s assignor. The purchase was made, and a title-bond executed, on the 1st of December, 1838. By the agreement of the parties, possession of the estate was not given till the 1st of October, 1839. The state and county tax on the real estate for 1839 was 17 dollars, which, to prevent its collection by law, was paid in 1840 by the defendants, prior to the assignment of the note. In March, 1839, the defendants laid off a portion of said estate into town-lots, and, during said year, the lots were sold at public vendue, and, at the sale, lot No. 5, in block No. 1, was, struck off to Lewis for the sum of 78 dollars, a memorandum of which purchase was made at the time, by the clerk of the sale, in writing in the sale-book. At the time of such purchase, the legal title ' to the whole of said real estate was still in Lewis, who subsequently conveyed the whole of it to Hart and Tate agreeably to the requisitions of the title-bond. The other defendants are partners in the purchase. Subsequently to the sale, and prior to the assignment of the note, a good warranty deed in fee-simple for the lot was duly executed and tendered to Lewis, if he would pay said purchase-money or allow the same on said note. He refused thus to receive the deed, saying that the residue of said note had not been paid when due. The defendants are still willing and ready to deliver said deed on the condition aforesaid. It is agreed, that if said two sums are valid set-offs to said note, the judgment shall be for the plaintiff for 194 dollars and 45 cents; but if those sums ought not to be set off, then the judgment for the plaintiff shall be for 318 dollars and 45 cents.
The Court gave judgment for the plaintiff for 295 dollars and 76 cents.
In fixing the amount of the judgment, the Court allowed
The only question here is, were the defendants entitled, as a set-off, to the 78 dollars, the price of the lot bought by Lewis ?
The sale of the lot, we think, was valid under the statute of frauds. The clerk of the sale, in making the memorandum of purchase, acted as the agent of the buyer as well as of the seller. It was necessary for the defendants in this case, before they could demand payment of the lot, to tender a conveyance for the same on being paid the price. This tender was made; and when the vendee refused to accept the conveyance, and pay the purchase-money or allow the amount on the note, he became liable to a suit for the purchase-money. That being the case, the price of the lot must, as a debt due from the vendee to the defendants, be a legal matter" of set-off in this suit.
— The .judgment is reversed with costs. Cause remanded, &c.
