Keys

Keys v. Mother Lode Extension Mines Inc.

Good Law
1933 Cal. LEXIS 537·218 Cal. 542·24 P.2d 363
Supreme Court of CaliforniaJuly 24, 1933Docket No. Sac. 4543.California241 words

Opinion

Lead Opinion

Preston, J.

The record presents a judgment-roll appeal by defendants from a decree of foreclosure in favor of plaintiffs upon certain mining property in Tuolumne County. The sole question presented is whether the complaint fails to state a cause of action by the omission therefrom of appropriate allegations averring the performance of certain precedent and concurrent conditions and covenants found in the agreements of the parties, which are exhibits to the complaint, and in which is contained the mortgage in question.

The answer to the contention is that the covenants and conditions alluded to are neither precedent nor concurrent with the money obligation sued upon. The obligation to pay is definite and certain. The obligation to surrender certain documents and other property, and to pro cure reconveyance under a deed of trust, was to follow only upon a precedent act of appellants, to wit: the procuring by them of an abstract of title showing ownership of title to the mining property in appellant corporation (subject to certain specified exceptions). Until this was done no obligation existed on the part of respondents.

Thus we have a ease where an independent covenant is sued upon and no…

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