193 Iowa 1245 | Iowa | 1922
— The defendant introduced no evidence. The evidence presents no dispute of fact. On March 23, 1920, the plaintiff entered into a contract of sale of his farm of 159 acres, for a consideration of $500 an acre. This consideration was to cover the price of the farm and of certain items of the personal property then and there being upon such farm. The date of performance fixed by the contract was March 1, 1921, on which date the defendant was to pay to the plaintiff the sum of $54,000. On such date, the plaintiff tendered performance, and the defendant failed to perform. The principal defense urged is predicated upon certain leases which had been made by the plaintiff in the month of February. The defendant had notified the plaintiff, in December preceding, that he would be unable to perform his contract. He based his claim of inability upon the ground that he had failed to make a sale of his own farm. Because of this notification by the defendant, and for the purpose of minimizing loss either to the plaintiff or to the defendant, the plaintiff entered into a provisional contract of lease with two tenants, whereby it was agreed between him and them respectively, in effect, that they would surrender the premises at any time upon his request, for a stated consideration then and there agreed upon in such lease,
Another defense urged by the defendant was that the plain
This suit, as already ixidicated, is by the vendor, axid all he asks is the recovery of his purchase price. In the absexice of legitimate defexxse, the court has xxo power to grant lxim less. The decree entered below must, therefore, be — Affirmed.