Adolph Flake & Co. v. Nuse
Adolph Flake & Co. v. Nuse
Opinion of the Court
The deed of trust shows that it was given upon both lots, numbers 11 and 12, to secure jointly the two notes, and contains this recital: “ That if both said promissory notes are punctually paid at maturity, with the accrued interest,'then the said4William F. Stowe, trustee, or holder of said notes, will release said property from this conveyance.”
There is no subsequent agreement shown that either lot was to be released upon payment of only one of the notes. In addition to the amount admitted to be due on the note assumed to be paid by plaintiffs, the record shows that there was a large remainder also due on the other note.
Under these circumstances, we do not think that the plaintiffs had the right to demand, as a condition of their tender, that a release should be executed discharging the lot pur
The tender, then, being made upon a condition which the plaintiffs had no legal right to demand, was not such lawful tender as would stop interest or make the defendant liable for costs subsequently incurred. The judgment below is accordingly affirmed. ;
Affirmed.
Reference
- Full Case Name
- Adolph Flake & Co. v. Henry Nuse
- Cited By
- 8 cases
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- Published
- Syllabus
- 1. Tender—Conditions.—A deed of trust was executed upon two lots to secure two notes. The lots were subsequently sold to different purchasers, each purchaser assuming payment of one note. The purchasers of one of the lots made a payment upon the note assumed by them, and obtained an extension of time for the remainder; after paying interest for awhile, they made a tender of the amount due on the note they had assumed, and demanded a release of the lot they had bought: Held, That a tender coupled with demand for a release of the lot, was insufficient, it not being shown that the other note was paid. 2. Tender.—A tender upon condition which the payor has no right to demand, is not sufficient to stop interest.