Ross v. ParksRoss v. Parks
— A general rule governing cases for specific performance is, that the contract must be mutual, and that either party is entitled to the equitable remedy of a specific performance. Exceptions to this general rule are well established, and one class of contracts to which the exceptions may be applied are those which are unilateral in form. — 1 Pomeroy on Contr., §§ 167, 168.
The exception as to unilateral contracts has been fully recognized and adopted in this State. The case of Moses v. McClain,
The case of Johnson v. Trippe, 33 Fed. Rep. 530, is an authority directly on the point in question — the contract being almost identical in its provisions. The different authorities
The evidence fails to show that there was such forcible entry and unlawful detainer as to deprive complainant of his right to file a bill to remove a cloud from title, but the equity •of the bill does not depend upon that principle. The complainants, holding the equitable title, bring their bill to compel a conveyance of the legal title by those who hold it in trust for them. In such a case, the jurisdiction in no wise depends upon possession.— Gray v. Jones, 14 Fed. Rep. 83; Shipman v. Furniss,
The doctrine is well settled, that when the vendor, after entering into a contract of sale, conveys the land to a third person, who has knowledge or notice of the prior agreement, such grantee takes the land impressed with the trust in favor of the original vendee, and holds it as trustee for such vendee, and can be compelled at the suit of the vendee to specifically perform the agreement by conveying the land, in the same manner and to the same extent as the vendor would have been liable to do, had'he not transferred the legal title. — -1 Pom. on Contr. § 465, and note. The same rule is declared in Dickinson v. Any,
It may be stated as a sound principle of law, if an owner of land in writing gives another an option on it for a valuable •consideration, whether adequate or not, agreeing to sell it to him at a fixed price, if accepted within a specified time, it is binding upon the owner, and upon those who purchase from the owner with a knowledge of such agreement. — Moses v. McClain,
Under such circumstances, the fixed time is a material part of the contract, and when supported by a valuable consideration, the owner of the land can not revoke the oiler before the time has expired within which the offer may be accepted. We. do not declare that, if no specified, definite time was fixed by the parties, and the contract of offer was not supported by a valuable consideration, such an offer could not be revoked. We express no opinion upon this question. — Johnson v. Trippe, 33 Fed. Rep., supra; Wilks v. Ga. Pac. Railway Co.,
We find no error in the decree of the chancellor, and it is ■affirmed.