McKuen v. Serody, 269 Pa. 284

McKuen v. Serody

269 Pa. 284 | Pa. | 1921

Opinion by

Mr. Justice Schaffer,

Plaintiff filed a bill in equity against defendants for specific performance of a contract for the sale of real estate; defendants demurred, the demurrer was sustained and the bill dismissed; plaintiff has appealed.

The agreement, dated Jan. 30, 1920, acknowledged receipt of part of the consideration money and provided for payment of the balance in cash at the time of settlement, which it was stipulated should take place on or before February 24,1920; it further provided, the “parties hereby bind themselves......for the faithful performance of the above agreement by February 24th, 1920, ......, said time to be the essence of this agreement, unless extended by mutual consent in writing endorsed hereon.” Plaintiff did nothing prior to nor on the date named for the settlement, but avers in his bill that, on March 24,1920, almost a month later, he made a tender in cash of the balance of purchase money, and demanded a conveyance, which was refused by the defendants, who informed him that, on March 11,1920, the property had been conveyed by them to another.

The reason assigned in the bill for failure to comply with the terms of the agreement, on the date fixed for settlement, is that the defendants were equitable owners of the premises, under a contract with the real owner, and had not acquired the legal title, therefore they could not convey the property to plaintiff on the day fixed. It is further averred that defendants did not actually acquire the title by deed until March 19,1920.

*286Plaintiff’s counsel, in Ms argument, says that the single point involved in the appeal is whether or not he (appellant), in order to have specific performance of the contract, was obliged to make a tender of the balance of the purchase money on or before February 24, 1920, in view of the fact that the vendors (appellees) did not have title to the property on that day. The contract of sale, in express terms, provided for performance of the agreement by the day named, and that time was to be the essence of the contract, unless extended by mutual consent in writing endorsed thereon. It could not avail the plaintiff, in asserting his rights under the contract, to excuse his failure to comply with its terms by setting up that the defendants could not comply. The allegation that defendants could not convey title to him at the designated time was a mere conclusion, which may not have been warranted by the facts; the way to ascertain whether they could do so was to make a tender on or before the day named, and, this not having been done, the court could not decree specific performance: Doughty v. Cooney, 266 Pa. 337.

The assignments of error are overruled and the decree of the learned chancellor of the court below is affirmed at the cost of appellant.