Gibbs

Gibbs v. Mendoza

Good Law
103 Cal. App. 183·1930 Cal. App. LEXIS 876·284 P. 250
Court of Appeal of CaliforniaJanuary 15, 1930Docket No. 3977.California1,340 words

Opinion

Lead Opinion

Thompson, J.

This is an appeal from a judgment decreeing specific performance of a contract to sell and convey real property.

The defendants were the owners of 320 acres of land in San Luis Obispo County, being lots 28 and a portion of lot 29, according to the subdivision map of the Morro y Cayucas Rancho on file in the office of the recorder of said county. July 22, 1925, the defendants executed and delivered to plaintiff’s assignor, J. Rohrberg, a written contract to sell said land for $100 an acre. The sum of $500 was paid by the purchaser upon the execution and delivery of the contract, and the further sum of $11,500 was subsequently paid. Upon the payment of the last-mentioned sum a deed of conveyance to fifty acres of the land was executed and delivered to the purchaser as required by the terms of the contract and he was thereupon given possession of the premises. The time for the delivery of no other deed was specifically designated. It was provided that the final payment of $20,300 should be made “on or before one year from the date of delivery of deed.” The contract provided for six per cent interest per annum on deferred payments. Time was not made the essence of the contract.…

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