Court Opinion

ID: 7108774
Source: CourtListenerOpinion
Date Created: 2022-07-24 12:23:56.942755+00
Date Added: 2024-06-11T16:13:13.546064
License: Public Domain

WateeMAN, J.
We shall content ourselves Hvitlqgiving conclusions only, so far as concerns the matters of fact in dispute. That the trade was made, and for the consideration 1 charged'in the petition, is not controverted. We find that at this time Hale was of unsound mind, and incapable of justly appreciating or guarding] his own interests, that the consideration he received for his land was grossly inadequate, that advantage was taken of him, and that plaintiffs are entitled to a rescission of the contract. Mere weakness of intellect on the part of the grantor will not, alone, authorize the setting aside of his conveyance; hut where this is coupled, as here, with gross inadequacy of consideration, the courts will interfere. Oakey v. Ritchie, 69 Iowa, 69; Waite Fraudulent Conveyances, section 462.
II. We next inquire as to the merit of the claim that this right may not be enforced because the defendants cannot be placed in statu quo. The eighty-acre tract conveyed by defendants to Hale was situated upon the bank of the Missouri river. At the time of the trade the channel of the stream, as it then flowed, was about one mile distant from the land; but previously the river had washed away a part of this *130tract, some four or five acres in extent, and after tbe trade the shifting current was again turned! against the land, with the result that thirty or forty acres more were taken and carried away. Because of this loss of land, occurring after the title was vested in líale, it is thought that his rights, if any he has, cannot be enforcéd in this action, for he cannot restore the property as he received it. The general rule is that one must 2 restore, or offer to restore, the consideration received, before equity will grant relief through rescission of a contract. But this rule has some exceptions. To enforce it in all cases strictly according to its terms would work great injustice at times. Restoration in full may, as 'in the case at bar, be impossible’, without fault on the part of the person'seeking rescission. Where the property is perishable, and lost despite the care of the holder, or when it is lost in. whole Or in part through some inherent defect that existed at the time of its conveyance, the grantee is called upon to restore only what he can. Neblett v. McFarland, 92 United States 101; Masson v. Bovet, 1 Denio, 69; Henninger v. Heald, 51 N. J. Eq. 74 (26 Atl. Rep. 449), Strodder v. Granite Co., 99 Ga. 595 (27 S. E. Rep. 174); Hilton v. Thresher Co., 8 S. D. 412 (66 N. W. Rep. 816); Wright v. Dickinson, 67 Mich. 580 (35 N. W. Rep. 164). Here the agency by which this land was destroyed existed when the trade was made. It then menaced the land with loss, for, although the stream was at that particular time at some distance, its treacherous character was well known, and the land lay upon the border of its recent bed. The tender of a deed by plaintiffs was sufficient, under the circumstances.— AFFIRMED.