40 Iowa 166 | Iowa | 1874
I. We discover nothing in the contract sued on that is sufficient to support the conclusion that its perform-
The contract in question is a mutual agreement, couched in reasonably apt and explicit terms, for an exchange of lands. The consideration moving to each, is the agreement of the other to convey. It is recited in the contract that Pyne agrees to deliver to Nowlin a warranty deed for certain premises, on or before the first day of April, 1874, in consideration whereof Nowlin agrees to convey to Pyne, by warranty deed, certain other premises, on or before the same date. N o condition is attached to the agreement of either party. The contract of Pyne to convey appears to be just as absolute as that of Nowlin. True, the contract recognizes the existence of the possibility of Pyne’sfailing to perform the agreement. But the contract does not create this possibility. It would have existed if no allusion had been made to it in the contract. If this agreement is optional upon the part of Pyne, it must also be so upon the part of Nowlin^ and we have the anomaly of a legal contract, between competent parties, resting upon a valid consideration, which, nevertheless, neither party can enforce against the other. The court, we think, erred in sustaining the first ground of the demurrer.
II. The sustaining of the second ground of demurrer is equally erroneous. The contract creating an obligation upon
REVERSED.