65 Iowa 719 | Iowa | 1885
The contract sued on is in the following language:
“$700. Traer, December 22, 1880.
“I have this day bought of Webster & Williams, Muscatine, Iowa, one monument, W. Chamberlain, Des Bay of Funday granite. Total height about sixteen feet. Inscription, viz., as heretofore given. Husband inscription on front of die, (to the beloved memory of John G. Safley). For which I promise to pay the sum of seven hundred dollars one year
[signed] “ Mjss. J. -G. Saeley.”
The following writing was indorsed on the back of the contract:
“I agree to give Mrs. Safley the privilege of taking the English granite monument on hand at the same price, ($700,) or the large Hurricane Island monument at $800, if she should so elect, if she should call at our works by next Thursday, Dec. 30, 1880.
[Signed] “W. Webster,
«Pr. W. &W”
The contract was assigned to plaintiff. The firm of Webster & Williams, and the individual members of the firm, were made parties defendant, plaintiff claiming that they were liable as guarantors of the contract. There was no appearance by the firm; but Webster answered, alleging that the contract of guaranty on which plaintiff sought to recover was executed by Williams after the dissolution of the partnership, and that he was not bound thereby. Williams made no defense, and judgment was entered against him by default.
On this state of facts we think there can be no question of defendant’s liability for the contract price of the monument. It may he conceded that the contract was executory, and that the property in the monument did not vest in defendant upon the execution and delivery of the written agreement. But neither of the parties reserved a'right of rescission. Defendant’s undertaking to pay the stipulated price was contingent on the single condition that Webster & Williams would cut the inscription on the monument, deliver it at Traer, and set it up at the grave of her husband. She agreed absolutely that upon the happening of these conditions she would pay the price agreed upon at the stipulated time. There was no failure on their part to perform their undertaking. She therefore had no grounds for rescinding the contract. She did not claim the right to terminate it because of any default on their part, but sought to do so because she concluded she had not acted wisely in entering
It is said by this court in Moline Scale Co. v. Beed, 52 Iowa, 307, that the true rule in cases of executory contracts for the purchase of personal property is “ that, when everything has been done by the vendor which he is required by his contract to do, and the manufactured property in its completed condition is tendered to the purchaser, * * * the vendor may recover the contract price.” That the facts of this case bring it within this rule there can be no doubt.
The judgment of the district court will be
Affirmed.