Summary

Portrait of Smith Thompson Smith Thompson King v. Hamilton — Opinion of the Court

It is a settled rule, therefore, to allow a defendant in a bill for a specific porformance of a contract, to show that it is unreasonable or unconscientious, or founded in mistake, or other circumstances, leading satisfactorily to the conclusion, that granting the prayer of the bill would be inequitable and unjust. Gross negligence on the part of the complainant, has great weight in cases of this kind. A party, to entitle himself to the aid of a court of chancery for the specific execution of a contract, should show himself ready and desirous to perform on his part.
Source: Wikisource

Portrait of Smith Thompson Smith Thompson King v. Hamilton — Opinion of the Court

But the rights of third persons, who may be bona fide purchasers under Hamilton's supposed title, may be materially affected by dismissing the bill as to the surplus land. Some diversity of opinion has existed amongst us as to the final decree, on account of those improvements. We have however come to the conclusion, that the complainants in the court below shall have a decree for the surplus land, at the average rate or price which the consideration mentioned in the contract bears to one thousand eight hundred and sixty-six and two-thirds acres, the number of acres specified in the purchase
Source: Wikisource

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