34 Colo. 359 | Colo. | 1905
delivered the opinion of the court.
Action to enforce specific performance of a contract to convey real estate, executed by an agent of the owner of the property.
A trial to the court below, without a jury, resulted in a judgment decreeing specific performance
From the admissions in the pleadings and the evidence the following facts are established:
Appellant, a resident of Chicago, Illinois, was the owner of the real estate involved, together with a number of other parcels of real estate at Sterling, Colorado. Henderson, since 1894, acted as his agent in the collection of rents, payment of taxes and insuranee, repairs and sales of property. In 1899 Henderson wrote appellant asking him to quote prices upon all his property at Sterling. In response to this appellant wrote Henderson quoting prices upon all property which he owned at Sterling, including the property herein involved,, which he listed at $1,200. Henderson, preceding February, 1901, acting as the agent of appellant, sold for him five pieces of property at the list prices, which sales were ratified and confirmed by appellant. February 28, 1901, Henderson, acting as agent of appellant, entered into a •contract in writing with appellee which recited the receipt of $500 on account of the purchase price, a description of the property, the price $1,200, balance of which was to be paid within one year from the date of the contract with 8 per cent, interest, deed to be delivered within thirty days from the date of the contract, at which time appellee should pay the balance of the purchase price, $700,- or execute- a mortgage upon the property to secure the payment thereof with interest at 8 per cent., payable within one year.- In the event of the failure of appellee to pay the balance of - the purchase price, $700, or execute a mortgage to secure the payment of the same within one year, the $500 paid was to be forfeited as liquidated damages.
Immediately upon the execution of the contract appellee entered into possession of the property,
The answer denied the execution of the contract by appellant and denied Henderson’s authority to execute the same.
It is urged here that the contract is a unilateral contract without consideration, and therefore unenforcible.
With this contention we do not agree.
The contract sets forth the receipt of $500 from appellee, which is a good and sufficient consideration, which sum was to be forfeited upon the failure of appellee to comply with the terms of the contract.
In this respect the contract is clearly distinguishable from the contract under consideration in Smith v. Bateman, 8 Colo. App. 336, 25 Colo. 241, and for that reason those cases and the authorities there cited are not in point.
Appellant also insists that authority to a real estate broker to sell real estate is only authority to find a purchaser, and does not vest in such broker authority to execute a contract binding on the principal.
Undoubtedly this is the rule as applied to real estate brokers. The facts in this case, however, as shown by the evidence and found by the trial court, constituted Henderson the general agent of appellant for the sale and disposal of all his real estate at
At the trial numerous letters were introduced, written by appellant to Henderson, in which he commanded him for the manner in which he was handling his business, urged him to sell and dispose of all his property at Sterling, as he did not intend to return there, and authorized him to act as he thought best.
It abundantly appears from the evidence in the record that Henderson was more than a mere broker to find a purchaser — that he was a general agent authorized by appellant in writing to make the contract which is relied upon in this case.
Malone v. McCullough, 15 Colo. 460, and Speer v. Craig, 16 Colo. 478, are relied upon by appellant as decisive of this case.
In the Malone-McCullough case the facts as stated in the opinion of the court clearly distinguish it from the case in hand. In addition, the opinion expressly states that whether an “authority to sell” necessarily carries with it the power to do whatever may be necessary to execute a binding contract to convey, is not essential to a decision of the case.
In that case it clearly appeared that the agent or broker was not the general agent of the vendor; that the transaction involved was the only one, so far as the record shows, in which he was engaged; that the vendor, the vendee and the broker were residents of the same city and had offices within a few hundred feet of each other, and that small effort upon the part of the vendee or her attorneys would have furnished definite and reliable information of the measure of the authority of the broker, and that failure to make such inquiry left the plaintiff without equities in her favor.
In the case at bar the owner of the property was a resident of Chicago; his agent and the vendee were residents of Sterling, Colorado; the .agent had acted for his principal in various transactions similar to the one in controversy, all of which had been ratified and confirmed by the principal upon the execution of the contract; the vendee entered into possession of the property and made valuable and permanent improvements thereon; the $500 which had been paid by him on account of the purchase price of the property had not been .returned to him.
Under the facts of this case the judgment of the court below was right, and will be affirmed.
Affirmed.
Chief Justice Gabbert and Mr. Justice Gunter concur.
