Gilbert v. Mercer

WARNS, J. pro tem.

*

This is an action for specific performance of a contract for the sale of land and damages for withholding the deed of conveyance. Judgment was entered in favor of defendants and the plaintiff has appealed.

Under the terms of the contract defendants agreed to sell to plaintiff 65 acres of unimproved land for the sum of $325. The contract was in the form of a deposit receipt and was entered into on March 12, 1957. Plaintiff paid $50 down on the purchase price and promised to deposit the balance in escrow on or before November 1, 1957. The agreement called upon defendants to deliver within three months a deed conveying marketable title to the property free of all encumbrances. The Butte County Title Company made a search and reported that a patent to the property was not available from the Bureau of Land Management. Without waiting to see if defendants would take steps to clear the title, plaintiff gave a listing for the sale of the property to one Robert Wolf, a real estate broker, instructing him to sell the property for $3,750. On November 17, 1957, Wolf notified plaintiff that he had located a buyer in San Francisco who offered $3,500 for the property. On November 21, 1957, the title company informed plaintiff that a patent to the property would issue, and on the same day plaintiff deposited the balance of the agreed purchase price in escrow. Defendants did not make any effort to clear their title and did not at any time place a deed in escrow. On December 6, 1957, defendants repudiated the contract and this action followed.

The trial court found, among other things, that plaintiff’s allegations in his complaint “That the consideration named in said agreement was the fair and reasonable value of the property at the time said agreement was entered into” was untrue. We have concluded that there is substantial evi

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denee in the record to sustain the court’s finding and the judgment in this regard. The realtor, Robert Wolf, testified that he was familiar with the property in question and property in the surrounding area; that in his opinion the market value of the property was between $15 and $20 an acre as of the date of the contract. However, on cross-examination he admitted making a previous estimate that the property was worth between $5.00 and $20 an acre.