Causeway Investment Co. v. Nass

Mr. Judge German

delivered the opinion of the Commission of Appeals, Section A.

May 10, 1913, plaintiff in error, Causeway Investment Company, and defendant in error, F. J. Nass, entered into a contract by which the company agreed to sell and convey and Nass agreed to purchase certain lots in the city of Galveston. The contract price was $1,540.00, payable in monthly installments of $38.50. This contract contained a provision which all parties agreed was an “insurance provision,” and which all parties agree made the contract ultra vires and void. Prior to March 20, 1914, Nass paid on this…