63 Barb. 205 | N.Y. Sup. Ct. | 1872
The executory contract entered, into between these parties, for the sale of the land in question, is as follows:
“ Articles of agreement made this 29th day of March, 1871, by and between Henry Knight, ■ party of the first part, and George Van Campen, party of the second part, witnesseth, that the said party of the first part, for the consideration hereinafter contained, to be kept and performed by the said party of the second part, agrees to sell, and does hereby sell, unto the said party of the second part, for the sum of two thousand dollars, all these lands, (describing them, and containing twenty acres,) to he paid in the manner following, that is to say : Six hundred dollars, on or before the 10th day of April next, and the remaining sum of fourteen hundred dollars to be paid as follows : in three equal annual payments, with annual interest on all sums remaining unpaid at the time of each payment. It being the option of the said party of the second part to pay the whole sum remaining unpaid at the time of each payment.
*207 And it is mutually agreed by and between the parties hereto, that at the time of malting the payment of the sum of six hundred dollars, and on or before the first day of May next, the said party of the first part shall convey the above described premises to the said party of the second part, by a good arid sufficient deed, free and clear of all incumbrances, with the usual covenant of warranty, and take back from the said second party a mortgage on said premises to secure the payment of the said sum of fourteen hundred, dollars, upon terms above named, and .that the said party of the second part may enter on the said premises to make improvements, or commence farm labor or work, at any time after this date.”
On the 4th day of April, following, the plaintiff went into the possession of the premises, and commenced making improvements, with his men and teams. On the 12th of April the plaintiff tendered the first payment of $600, with two days’ interest thereon, which the defendant refused to accept, claiming the plaintiff had not paid as he agreed. The money was then placed in the hands of a third person subject to the defendant’s order, and he notified of the same. On the 17th the plaintiff prepared a "bond and mortgage and tendered it to the defendant, and also presented a blank deed to the defendant, and asked him to execute the same, and this he refused to do. Then this action was commenced.
The question first to be disposed of is, when, by the terms of.the contract, was the vendor to deliver the deed to the" vendee. It seems a fair and reasonable construction, that the making of the first payment and the delivery of the deed were to be concurrent. acts. Such was the manifest intention of the parties. The clause in the contract fixing the time for the delivery of the deed, first names, specifically, the very day previously named for making the first payment. There is nothing in the remaining part of the sentence, indicating that a different
Giving this construction to the reading of the contract, the remaining question has a ready and simple solution.
The covenant to pay, and the covenant to deed, are dependent obligations, and each is a condition precedent to the other. The consideration for the payment of the $600 of the purchase money, is the delivery of the deed, not the vendor’s promise to deliver a deed. The plaintiff was not in default, in not paying $600, on the 10th of April, for the reason that the defendant did not have in readiness his deed, and was unwilling, then and there, to convey the premises, as promised in his covenant. Neither party, either in law or equity, was in default, until the other performed or offered to perform his part ’of the agreement in full. Both failing to perform their mutual covenants on the contract day, each impliedly waived strict performance as to time, and the agreement remained in full force and effect. The plaintiff, within two days thereafter, offered in all things to execute the agreement on his part, and demanded from the defendant like action on his part, and he refused. The plaintiff has not attempted to stand on his own broken promises. He has the unquestioned right to demand of this court the aid of its equity powers, to enforce a specific performance of the agreement. He has made a case for the recovery of damages in an_ action at
Johnson, Talcott and Barker, Justices.]