Eagle v. Pettus
Supreme Court of Arkansas
Appeal from Lonoke Chancery Court; John E. Martineau, Chancellor; STATEMENT BY THE COURT. On the 15th of January, 1890, L. W. Monroe entered into a contract with George Pettus and Pete Pettus whereby Monroe agreed to sell a certain tract of land in Lonoke County for the consideration of $1,500, evidenced by a promissory note for that amount, with interest from maturity at 10 per cent per annum.
Read the full summary
Appeal from Lonoke Chancery Court; John E. Martineau, Chancellor; STATEMENT BY THE COURT. On the 15th of January, 1890, L. W. Monroe entered into a contract with George Pettus and Pete Pettus whereby Monroe agreed to sell a certain tract of land in Lonoke County for the consideration of $1,500, evidenced by a promissory note for that amount, with interest from maturity at 10 per cent per annum. The contract provides “that George Pettus and Pete Pettus shall pay all taxes assessed against the land each year and keep the land and premises in good repair and cultivate the same in a good and…
1Opinion of the Court
Wood, J.,
(after stating the facts). Appellee, by this suit, seeks specific performance of a contract for lease of land with option to purchase, which was entered into more than twenty-two years before the suit was brought, and about eighteen years after the contract had expired by its own terms. Appellee contends that at the expiration of the time for the performance of the contract, the forfeiture for a noncompliance with its terms on his part to pay the purchase money was waived, and that the contract was continued under an oral agreement with the vendor to allow appellee to remain in…
2Cases cited1 opinion
- Meigs v. MorrisSupreme Court of Arkansas · 1896
3Cited by3 opinions
- Underwood v. SlaghtMichigan Supreme Court · 1921
- Rogers v. MossSupreme Court of Arkansas · 1950
- Williams v. Jones, Special AdministratorSupreme Court of Arkansas · 1945