Court Opinion

ID: 7985207
Source: CourtListenerOpinion
Date Created: 2022-09-09 01:24:45.865894+00
Date Added: 2024-06-11T16:35:10.893510
License: Public Domain

Chalmers, J.,
delivered the opinion of the court.
By the terms of the written contract, the title of the property remained in the vendor until payment in full of the *554note given for the deferred payment. The effect of the contract, therefore, was to leave the right of property in the seller, and to give the right of possession, until default made in payment, to the purchaser. Coupled with this right of possession was also the right in the purchaser to obtain title by-payment of the price. But the period of payment having arrived, and default having been made, his right of possession terminated, and the vendor, who had all the while remained owner, became entitled to reclaim the custody of his property. In order to assert this right, it was only necessary for him to make demand for the restoration of the property or payment of the piice; and this he did. It was not necessary that he should pay back, or tender, the money received as the cash payment. This is only necessary in cases of disaffirmance and rescission of a sale on condition subsequent. But this was a sale on condition precedent; that is, there was to be no sale, properly so called, no change of title, until the full price should be paid; and the law annexes to such a sale a right in the seller to recover possession of his property upon default made, even against subsequent bonáfide purchasers for value without notice. In reclaiming his property, therefore, the seller is not rescinding the contract, but is enforcing it; and hence there is no obligation to tender back any thing. He is simply asserting his legal rights, in strict accordance with the express stipulations of the contract.' What rights, if any, the vendee in such a contract might have in a court of chancery is not before us. Ketchum & Cummings v. Brennan, 53 Miss. 597; Story on Sales (3d ed.), sect. 313, and note 2; Benj. on Sales (Perkins’s ed.), sect. 320, and note; Baker v. Hall, 15 Ind. 277; Dunbar v. Rawles, 18 Ind. 225; Sumner v. McFarlan, 15 Kan. 600; Zoutchman v. Roberts, 109 Mass. 53; Sage v. Sleutz, 23 Ohio, 1; Little v. Paige, 44 Mo. 412; Duncan v. Stone, 45 Vt. 118; Davis v. Emery, 11 N. H. 230; Bauendahl v. Horr, 7 Blatchf. 548; West v. Bolton, 4 Vt. 558.
The cases specially cited are all cases where partial payments had been made.
*555In the opinion in Ketchum & Cummings v. Brennan, 53 Miss. 596-609, it was said that in a case like this there must be a precedent rescission, and tender back of the money received. In that case there had been such tender, and the question was, whether it was necessary to bring the money into court, so as to make it a continuous tender. It was properly answered in the negative. Our attention was not called to the question whether any tender at all was necessary, and we were misled by the concession on both sides that it was ; and to some extent, also, by the broadness of the statement made by Judge Story, in his work on Sales, sect. 457a, that in conditional sales the vendor cannot recover his property, upon failure of the vendee to perform the condition, “ until he had made demand for the performance of the condition, and rescinded the contract.” Of course, in order to rescind the contract he must tender back what he has received ; but the language is applicable only to sales on condition subsequent, and not to those where, by the terms of the contract, no title is to pass until the performance of the condition. The agreement of the parties shows that the property, as between them, was to remain personalty, though annexed to the freehold.
Affirmed.