Hammon Consol. Gold Fields v. Powell
Opinion of the Court
The surrender of the lease or option by the appellant naturally gave rise to two questions: First, the liability of the appellant for damages resulting from the surrender; and, second, its liability for installments already accrued and OArerdue. The first question was not involved in the present action, and the court refrained as far as possible from expressing any opinion in regard to it. However, the appellant contended that a certain provision of the agreement between itself and the trust absolved it from liability for past-due installments, and the court was compelled to construe the provision to some extent at least in disposing of that contention. Perhaps the court went further than
The last sentence of the paragraph is the basis of the contention to which we have referred. On the former hearing, it seemed manifest to us that the appellant could not successfully resist the payment of installments already matured, so long as it remained in possession of the property, and it seemed equally manifest that it could not discharge an existing matured obligation to pay past-due installments by a mere surrender of the property. We find-nothing in the sentence relied on or in the petition-for rehearing inconsistent with this view. In all other respects, and for all other purposes, the construction of the contract is left open for future consideration, should the question again arise in litigation over the surrender.
The petition for rehearing is denied.
Reference
- Full Case Name
- HAMMON CONSOL. GOLD FIELDS v. POWELL
- Cited By
- 1 case
- Status
- Published