9 Pa. 220 | Pa. | 1848
The questions reserved at the trial
were, whether the whole contract was embodied in the written surrender of the lease: whether the parol contract set up as independent of it, was mutual: and whether it was certain. It was supposed that the parol evidence contradicted the allegation of consideration contained in the written surrender, which was stated in it to be the nominal sum of a dollar, and a release from the payment of rent, which would have continued to accrue. For the purpose of its efficacy, these undoubtedly constituted the consideration of the surrender, which however was, in turn, the consideration of another and a distinct contract. Had Weaver refused to give up the premises, he would not have been allowed to say that the promise of Wood to give him another lease, was the consideration for the surrender of the previous one, and that, as it had failed, he was not bound by the instrument. The consideration to support it would have been that which was expressed in it, and he would have been compelled to yield. On the other hand, Wood may not insist that the parol promise is controlled by the consideration of the surrender. The executed contract and the executory one, are distinct and without connexion, further than that the former is the consideration of the latter. This consideration belongs to the class called executory in the text-books, as distinguished from a concurrent consideration, which is promise for promise, by which both parties are bound, or neither is. By a conditional promise, resting on an executory consideration, neither is bound till the consideration has been executed. It is noticed in Chitty on Contracts, 16; and the nature of it was said in Clark v. Russel, 3 Watts, 217, to be such, that if a party promise another a definite or a reasonable reward if he will do a particular thing, the party promised is not bound to do it; yet if he does it without more, he entitles himself to the reward. On the other hand, the promisor may retract before performance. Strictly speaking, there is no contract before that; for the offer is accepted only by the performance of the condition of it; but when that is done, there is the concurrent assent of two minds, and the contract is mutual as well as complete. What was the promise and its consideration here ? I want you to surrender your lease, says Wood to Weaver, that I may build a new hotel on the ruins of the old one: do that thing, and I will give you a lease of it. Weaver does that thing, and claims performance of the promise. But, says Wood, here is yonx
Judgment for the defendant reversed; and judgment for the plaintiff.