Vick v. Ayres

Citations

• 56 Miss. 670

Syllabus

<p>Vendor and Vendee. Landlord and tenant. Alternative agreement.</p> <p>Where a vendee goes into possession of land under a parol contract of purchase, but with the agreement that, if he fails to pay the purchase-money at the end of the year, he will pay a stipulated rent, the contract is void as a contract of purchase, but is valid as a lease for one year; and if he refuses to pay the purchase-money at the time agreed upon, the vendor may sue out an attachment for rent against him, without having first tendered him a deed.</p>