197 Iowa 200 | Iowa | 1924
This action is at law, to recover the amount due on the promissory note of the appellant for $450, given on July 7, 1919, to the appellee. No date of maturity is stated in the note, but upon the margin the following appears:
“It is agreed that this note is not to fall due until the $2,000 mortgage given by Denny on Adair mill can be cashed.”
The facts surrounding the execution of the note are, briefly stated, as follows: The appellant, in the capacity of broker, had for sale a mill in Adair. The appellee, acting in a like capacity, had a prospective purchaser in the person of one Denny. They met, and the appellant represented to appellee that the owners would take $3,250 for the mill. A written contract was entered into between appellant, as agent, and Denny, whereby the property was sold to the latter for $3,900, to be paid, $500 in cash at the execution of the contract, $1,400 by a note, due in 60 days, and $2,000 by a mortgage on the mill. While the contract is not explicit on the subject, it is clear that the understanding was that the title to the property was to be conveyed and the $2,000 mortgage executed on the payment of the $1,400 note. After the execution of the contract of sale, the
The $1,400 note was not paid at maturity, and the time of payment was extended by appellant. The appellant inserted the name of his brother, H. R. Tenant, in the blank deed, and on September 1, 1920, the latter executed a mortgage covering the mill property to the Republic Life Insurance Company, of which the appellant was secretary. This mortgage was without consideration, but was intended to be, and was, deposited by the insurance company with the. insurance department of the state, for purposes of its own. The mortgage and the deed referred to were filed for record March 28, 1921, and the mortgage appears never to have been released or canceled of record. The appellant holds a deed in blank from H. R. Tenant for the property. Denny’s note for $1,400 has been paid, the final payment being made January 11, 1921. The mortgage for $2,000 provided for by the contract of sale of the mill and referred to in the note, in 'suit has never been executed by Denny. The petition in this action was filed September 23, 1922.
He was further allowed to say, in reference to the statement in one of appellant’s letters “If you will pay $500 and. the interest to date we will agree to carry the balance for you for another year at 12 per cent as you state in your letter,’’ that the $500 mentioned referred to the payment on the $1,400 note, and that the balance mentioned was the balance of that note. The letter in which the statement appeared was evidently in reply to a letter from the witness. The testimony was not prejudicial. There was no error in allowing this witness to testify that he had asked appellant for a deed, and th^t he was ready to and would have executed the note and mortgage on receipt of a deed. He was asked whether, upon' his writing appellant, asking him to execute a deed and send a note and mortgage for execution, the latter took any action toward carrying that out, and was permitted to answer that he did not. The question was ■ not vulnerable to the objection made that it was incompetent, irrelevant, and immaterial, and called for secondary evidence. ¥e think that the witness, who was under contract to accept a conveyance of the property and execute a mortgage thereon, was rightfully permitted to testify to his knowledge of the fact that the record title stood in the name of H. R. Tenant and that the record showed that the latter had given a mortgage upon it for $2,000. However, any error in this respect was cured by the introduction of certified copies of the recorded deed and mortgage. Amos v. Buck, 75 Iowa 651. There was, also, no error in permitting him to state that the réason he did not close up the deal was because the $2,000 mortgage of record was uncanceled. The note for $1,400 was properly admitted in evidence, as were certain letters from appellant to Denny relating to the transaction. The appellant admitted writing the letters. A letter, or copy of a letter,-the record is not entirely clear which,
Appellant was further asked what talk or correspondénce he had had with Denny, touching the matter of the title and the
We have examined the record with care, and find no reversible error. — Affirmed.