DocketNumber: No. 10,914
Judges: Nichols
Filed Date: 6/30/1921
Status: Precedential
Modified Date: 11/9/2024
This action was by appellee Jefferson County Construction Company against appellants to recover upon a purchase money note, with cross-complaint filed by appellees McCulloch and Dunbar based upon similar notes. There was a cross-complaint by appellant by which she sought to recover the purchase money which she had already paid as a cash payment.
The facts of the case, so far as concern this appeal are stated in the special finding of the court and are in substance as follows:
Appellant Minnie Sapinsky on June 15, 1916, purchased of the McCulloch Land and Improvement Company some eighteen lots in an addition to the city of New Albany, made by said company, and agreed to pay therefor $5,418.50. At the time of the purchase she paid to said company on account of such purchase price $1,379.62 in cash and for the balance she executed to said company her three promissory notes each for $1,-379.62, and maturing respectively in one,' two and three years, after their date. The company executed to said Minnie Sapinsky its written contract wherein it agreed to convey said lots to her upon payment of such notes. Under the terms of the agreement she was entitled to the possession of said lots and agreed to pay the taxes and other assessments that might be levied against them. A few days after such transaction took place, the McCulloch Land and Improvement Company assigned and transferred said three notes to three of its stockholders, one Minnie Marshall getting the first maturing, the appellee McCulloch, the second maturing,
On these facts, specially found and briefly stated above, the court stated conclusions of law in favor of each of the appellees, upon which a personal judgment was rendered against appellants in favor of appellee
Appellant Sapinsky challenges the respective conclusions of law pertaining to the several rights of appellee to a personal judgment against her, and their respective rights to an execution over against her for any residue, after the application of the proceeds of the sale of the land to the payment of the judgments. She seems not to comprehend the obligation of her contract, which, without any pretense that it was unfair, or in any manner fraudulently obtained, or that for any lawful reason it was voidable, without the consent of the other contracting party, she says she has rescinded, and therefore the notes in suit growing out of her contract of purchase are not collectible. When contracts can be so lightly treated, and so easily repudiated, substantial business relations will end. Happily, we have not yet reached that stage. The contract was not rescinded, was valid, and was a sufficient consideration for the notes in suit. Schierman v. Beckett (1882), 88 Ind. 52; Ditchey v. Lee (1906), 167 Ind. 267, 78 N. E. 972; McCoy v. McCoy (1903), 32 Ind. App. 38, 69 N. E. 193, 102 Am. St. 223. Having attempted to repudiate her contract of purchase, appellant cites numerous authorities pertaining to contracts and their breach which have
By her cross-complaint appellant seeks to recover the cash payment which she had made, but the pleading does not show, nor do the findings show, that she was not at fault, but it does appear that the vendor was ready and willing to perform the contract, and'that it made a tender of the deed, and demanded the purchase money. . There was no right of recovery on the cross-complaint. Todd v. Collier (1876), 53 Ind. 122; Day v. Wilson (1882), 83 Ind. 463, 43 Am. Rep. 76; Morris, Gdn. v. Goodwin (1891), 1 Ind. App. 481, 27 N. E. 985. The death of appellant since submission having been suggested, the judgment is affirmed as of the date of submission.