166 A.D. 314 | N.Y. App. Div. | 1914
The following is the opinion of the court below:
On the 5th day of January, 1906, the plaintiff and the defendant entered into an agreement for the sale of certain lands then owned by the defendant. The purchase price was to be paid in installments. After the plaintiff had made some payments, and before he had paid the full amount of the purchase price, the defendant wrote him a letter offering to discount the purchase price ten per cent if paid in full. In this letter the defendant stated: “ In the event of your taking deed to your property at this time, we beg to state that if at any time after six months from the date of your deed, you desire to sell these lots, we will purchase the same from you, allowing you ten per cent on your investment.” The plaintiff accepted the proposition, paid the balance in cash and received a deed dated May 25, 1906. On the 10th of January, 1913, the plaintiff tendered the defendant a deed of the property purchased from it and demanded that the defendant repurchase the same for the amount of the original purchase price with ten per cent increase, but defendant refused to repurchase. This action, for specific performance, was commenced on the 16th day of September, 1913. These facts are admitted, and the defendant pleads the six-year Statute of Limitations. I think that there can be no doubt that plaintiff’s cause of action accrued six months after the date of the deed, to wit, on the 26th day of November, 1906. It is true that a demand was necessary before suit should be brought, but section 410 of the Code of Civil Procedure provides: “Where a right exists, but a demand is necessary to entitle a person to maintain an action, the time, within which the action must be commenced, must be computed from the time, when the right to make the
