Majority
Headnote
1. Courts—Municipal Courts—Retention of Jurisdiction—Stipulations.The stipulation extending the time of the trial justice was actually made October 1st. Inadvertently the signed stipulation was dated October 2d. Judgment" was rendered October 8th. Jurisdictionwas held by this stipulation.
Action for money had and received. Submitted on stipulated facts. Judgment was for defendant. By the receipt in evidence defendant received from plaintiff, on May 25, 1906, $200 as a deposit on account of the purchase by him of specified premises, with dimensions. Price, $46,500. Cash, $10,500. Subject to first mortgage of $27,000, at 5 per cent., for about three years. Purchase-money mortgage, $9,000, at 6 per cent., payable in installments, with a subordination clause and
Dissent
Judgment affirmed, with costs.
(dissenting). The stipulation extending the time of the trial justice was actually made October 1st. Inadvertently the signed stipulation was dated October 2d. Judgment was rendered October 8th. Jurisdiction was held by this stipulation.
Action for money had and received. Submitted on stipulated facts. Judgment was for defendants. By the receipt in evidence defendants receive from plaintiff, on May 25, 1906, $200 as a deposit on account of the purchase by him of specified premises with dimensions. Price, $46,500. Cash, $10,000. Subject to first mortgage of $27,000, at 5 per cent., for about three years. Purchase-money mortgage, $9,000, at 6 per cent., payable in installments, with a subordination clause and privilege to pay off. Certificate of tenement house department to be furnished at closing of title and delivery of deed. Party wall on one side. More formal contract to be drawn Monday, May 28, 1906, at 1 to 2 p. m., at the office of defendants’ attorneys. Commission, $465, $200 to purchaser, $165 to Mr. Raver, and $100 to one Deutsch. $800 more to be paid on said day. Deed to be delivered between June 15 and 20, 1906. It would seem that-said receipt was an enforceable contract for the sale of real estate. It contains no forfeiture, nor does it appear that either party was at fault, unless by the mutual neglect to execute a more formal document, which was not prepared, and which was not a necessity. Certainly the time within which performance was required had not expired when this action was brought. The stipulation that defendants attended at the time and place and were ready and willing to carry out the terms and conditions of said contract, and that plaintiff has neglected to carry out said contract, does not entitle the defendants to forfeiture, and there is no suggestion that the defendants have suffered damage.
The judgment should be reversed, and a new trial ordered, with costs to appellant to abide the event.