12 Tex. 68 | Tex. | 1854
The ground, mainly relied on for a reversal of the judgment, is the ruling of the Court in refusing to strike out the amendment to the petition. There manifestly was, we think, no error in the ruling complained of. There can be no question, that a party may make a binding contract to give time, upon the sale of property, the performance of personal sevices, or the loan of money, as well by verbal as by a written contract. If, upon the sale of a horse, or other property, the parties should contract verbally that the price was not to be paid until six months thereafter, it cannot admit of a question that the agreement would be valid and binding upon them. The vendor would not have a right of action for the price, until the specified period had elapsed ; and the statute would not commence to run until the right of action accrued. The only restrictions which the law imposes upon the capacity and right of parties to bind themselves by verbal contracts are those contained in the Statute of Frauds, (Hart. Dig. Art. 1451,) and the present is not within the operation of the statute. That it was competent for the parties to contract that the matters of account between them should not become due until the first of January thereafter, seems quite too clear for argument.
Article 2381 of the Digest, referred to by counsel for the appellant, manifestly has reference to merchants, or, as they are denominated in the statute, “ store accounts,” and not to accounts of the character of the present; and it is unnecessary in the disposition of this case to express an opinion upon its construction.
Judgment affirmed.