This is an appeal from a judgment of the 83rd District Court of Presidio County.
L. M. Bennett sued Joe W. Copeland to enforce the specific performance of the sales provision of a contract entered into between them on the 6th day of December, 1946. The trial was to a jury, but at the conclusion of the testimony the Court instructed a verdict in favor of the plaintiff .and rendered judgment directing the transfer of certain ranch property, the subject matter of the controversy, to the plaintiff on the payment of a sum specified therein. From that judgment the defendant has appealed.
The case was determined in the trial court, and' is determinable here, on the basis of the written contract. As a joint and mutual undertaking the parties here undertook to gather together a large area of’ranch lands "in the rugged • portions of Jeff Davis, Hudspeth and Presidio Comities, On September 7, 1946, they-jointly acquired from L. F. Burris and wife a considerable block of lands,, some in fee, with deferred payments, and some leasehold. As a sort of preamble to their contract thai fact was recited and it is further set out that extensive improvements will be necessary to put such property in condition for the successful operation thereof and to lease it at the best possible rental, and that it will be essential to meet the cost of 'such improvements when made and each agreed to promptly pay his equal one-half of such costs, including the principal debt, interest and rentals on the' lands acquired, It is further stated it is recognized by each party to,the contract that failure of either party to meet his one-half of the several obligations together with his one-half of the cost of such improvements promptly will greatly inponvenience the other and require such other party to pay not only, his one-half but also the other party’s one-half of such indebtedness. It is further recited that it is also recognized by each party that individual financial involvement on the part of either party to the contract would likewise work hardship and inconvenience to the other and require him to pay off such obligations in order to protect his own interest in the ranch property, and that for the purpose of preventing the happening of the very things and hazards mentioned and recited and for the purpose of protecting himself and themselves and their interests in said ranch properties against all such matters and contingencies the contract is made. Paragraph four of the contract then follows. We reproduce it in full: “(4) Now, therefore, for and in consideration of the premises aforesaid and of the mutual agreements, promises and covenants herein made by each party to the other party; and of the mutual benefits and advantages which will accrue to each of said parties by reason of the making and carrying out of this contract, I, the said Joe W. Copeland, do hereby contract and agree with the said L. M. Bennett, that in the event' I fail to promptly pay, at and upon the' respective maturities thereof, at the time *767or times,, in the amount or- amounts,. and -in the manner, as provided in said, -deed, notes, State purchase price and interest obligations and in said grazing leases, hereinbefore referred to, my one-half of the principal and interest installments, provided for in said five Vendor’s Lien Notes, and my one-half of the State principal and interest indebtedness, owing, accruing- and to.accrue on said unpatented lands, and my one-half of the grazing lease rentals maturing under the grazing leases described in and transferred in and by said above mentioned deed, and my one-half of all taxes against said properties, as they become due and before becoming delinquent or in default, and my one-half of the cost of -all improvements, labor and materials used therein, heretofore-or hereafter made upon said properties, or any part thereof, or my one-half of any indebtedness which may be hereafter incurred in the purchase or lease of any additional ranch lands or ranch properties, either as purchase price therefor or interest thereon, o-r grazing lease rentals thereon, or taxes or improvements thereon, at the time or times, in..the amount or amounts and- in the manner provided, therefor in the contract of purchase or lease or in the contract or contracts for improvements thereon, then and in that event, I hereby agree and contract with said L. M. Bennett, to then, at the date of such default, sell and convey to the said L. M. Bennett, his heirs, executors, administrators or legal representatives, all of my undivided interest in and to said lands, premises, properties and improvements, both fee title and leasehold .title, described in and conveyed by said deed above mentioned from said L. P. Burris and wife to said Joe W. Copeland and L. M. Bennett, at and for the amount which I then actually have invested in cash in said ranch lands and properties and improvements, as well as all of my undivided interest to and in any other lands and improvements and ranch properties, which the said Joe W. Copeland and L. M. Bennett may hereafter jointly purchase, also at and for the amount which I then actually have invested in cash in said additional lands, improvements and ranch properties, both fee simple title lands and leasehold lands, and from such purchase price for said .lands¡ both original and additional lands the said. L. M. Bennett is authorized to. deduct whatever total amount I, the said Joe W. Copeland may then oíste to said L. M. Bennett for moneys theretofore advanced by said L,. M. Bennett to me, or for my account, for the purpose of paying my one-half or any part of my one-half of any principal or interest installments on said notes or any of them, or on my one-half of any State principal or interest indebtedness, or on my one-half of the grazing lease rentals, or on my oñe-half of the taxes, or on my one-half of the cost of any labor, materials and improvements, or on my one-half of the cost of any additional lands which may have been purchased or leased,-by us, (emphasis ours) the balance of such purchase price to be so paid to me or my heirs, executors, administrators' or legal representatives, by said L. M. Bennett, in cash, at Marfa, Texas, within Sixty days after the date of my said default hereinbefore referred to, my contract of sale herein provided for to begin and take effect and date from the date of such default above provided for; and the provisions and contract herein how provided for, in event of such default, shall apply to and bind and be in effect, both as to myself individually, if alive at that time, and my estate and my heirs, executors and administrators, if I am not alive at that time; and the said L. M. Bennett,- for the considerations aforesaid, hereby accepts said contract of sale here so made, and hereby agrees to purchase said undivided one-half interest o-f said Joe W. Copeland, under the contingencies and at and for the purchase price and terms hereinabove provided for.”
Paragraph 5 is in all respects similar to paragraph 4 except that Bennett agrees to sell and Copeland agrees to buy;
We are first confronted with Appellant’s point that the' judgment is not a final judgment and hence not appealable, because it does not dispose of the matter in controversy unless plaintiff should elect to pay into- court for the use of defendant on or before March 27, 1950, $15,859.53, the amount found to be due by the court under *768the sales clause above quoted. The relevant portion of the judgment is:
“It Is Further Ordered, Adjudged and Decreed By the Court that plaintiff, L. M. Bennett, deliver into the registry of this court, on or before six months from the date hereof, to-wit: on or before the 27 day of March, 1950, the sum of Fifteen Thousand Eight Hundred Fifty-nine and 53/100 ($15,859.53) Dollars.
. “It Is Further Ordered and decreed by the Court that the Defendant, Joe W. Copeland, do execute and acknowledge proper conveyrances, selling and conveying the above described real property, fee and leasehold estate, and the personal property to plaintiff, L. M. Bennett, and that said conveyances be deposited by said defendant with the Clerk of this Court on or before the 27 day of March, 1950, and it is further ORDERED that the Clerk of this Court deliver said conveyances to the plaintiff, L. M. Bennett upon delivery by the plaintiff L. M. Bennett of the consideration hereinabove directed, and that contemporaneously with the delivery of said conveyances to plaintiff the Clerk deliver such consideration to the defendant, Joe W. Copeland, in and as payment for such conveyances.
“It Is Further Ordered and Decreed By the Court that if the defendant should fail or refuse to deposit proper conveyances with the Clerk of this Court as here-inbefore ordered, then, providing plaintiff has delivered unto the registry of this court said sum of $15,859.53 as hereinbe-fore ordered, this decree shall operate ipso facto as a sale and conveyance of all interests of defendant, Joe W. Copeland, in and to said property to the plaintiff with the same force and effect as if sold and conveyed by the defendant, Joe W. Copeland, as hereinbefore ordered and without any further order or. decree of the court."
It should be added that the defendant had filed his Second Amended Original Answer and Cross Action by which he sought an equitable accounting in reference to and' a partition of the property the subject matter of the controversy:
By granting plaintiff specific performance the court necessarily impliedly denied any relief on defendant’s cross-action seeking an equitable accounting and partition. The judgment does not leave it optional with plaintiff to deposit the money or with the defendant to deposit the deed in the registry of the Court on or before March 27, 1950. It requires each party to do so and then provides that if the plaintiff has deposited the money and the defendant has riot deposited the deed the decree itself shall operate as a conveyance. True, it makes' no provisions as to the right of the defendant should plaintiff fail to deposit the money within the allotted time. Except for the unusual length of time allowed for plaintiff’s performance the decree conforms with the decrees customary in suits for specific performance. In such cases, the law attaches to the plaintiff’s failure to deposit the money within the time specified, the consequence that his right to specific performance is thereby lost. Kalklosh v. Haney, 4 Tex.Civ.App. 118, 23 S.W. 420; Fordtran v. Donovant, 54 Tex.Civ.App. 564, 118 S.W. 768, at page 770, arid cases there cited; Hart v. Wilson, Tex.Civ.App., 281 S.W. 339, reversed on other grounds, Tex.Com.App., 288 S.W. 133; Lockwood v. Frost, Tex.Civ.App., 285 S.W. 874.
We have concluded that this.legal consequence attaches to the decree should plaintiff fail to perform within the specified time the same as though the decree had so provided, and hence that it does finally dispose of the case should Bennett fail to make the deposit as specified. In such event Copeland’s right to the trial of his cross-action would be rejuvenated and he would be entitled to a hearing thereon in this suit or in another suit brought for an equitable accounting and a partition, in which plaintiff could not assert any right of specific performance, the judgment being res adjudicata as to this issue. This, "we think, would follow as another' legal consequence of plaintiff’s failure to perform and hence the failure of the decree to so provide does not affect the finality of the judgment. The Chief Justice entertains grave doubt as to this point, strongly inclining *769to the view that if Bennett failed to make the deposit another judgment would he required to dispose of the case finally. However, he does not feel sufficiently sure of his position in this respect to warrant his dissent, and he participates in disposition of the appeal on its merits, Associate Justice Sutton and the writer being unable to agree as to the disposition of the appeal on its merits.
The question which has given us most concern and our disposition of which is decisive of this appeal is presented by appellant’s second point, which is to effect that the contract declared upon is without equity in that it provides for a remedy 'by specific performance so harsh and inequitable as against the defaulting party in regard to the price to be paid by the other party as to make it an unconscionable forfeiture not enforceable by the equitable remedy of specific performance. This question involves a proper construction of paragraph 4 of the contract above quoted, construed of course when considered with the entire contract. In this connection Section 11 of the contract provides: “(11) All books relating to the ownership by said parties of said properties shall be kept by Forrest Hope, of Marfa, Texas, and all Bank deposits are to be made by him, and all bills are to be paid by him by checks on Bank account in the name of ‘Copeland & Bennett Ranch Lands Ownership Account’, whenever-there are sufficient funds in said Account to pay such checks. He is also to pay all purchase money installments, principal, interest, State interest, grazing lease rentals, taxes and improvements charges by checks on said account, as they mature. The ‘amount actually invested in such ranch properties’ by either of said parties at any time m cash, shall be determined by the figures shown and reflected by said books kept by sañd Hope.” (Emphasis ours)
Apparently the trial court construed the contract as providing that there should be added to the “amount actually invested in such ranch properties” in cash by Copeland as determined by the figures shown and -reflected by the books kept by Hope one-half of the excess advances made by Bennett, and that the same amount should then be deducted from such sum in order to comply with paragraph 4. A. majority of the court is of the opinion that such construction is erroneous and requires the court to ignore entirely paragraphs 4 and 11 of the contract and to write a contract for the parties .in an attempt to avoid a construction which would work a forfeiture of .the defaulting party’s capital investment; that the contract by the express provisions of paragraph 4 and paragraph 11 provides for a forfeiture of the defaulting party’s capital investment to the extent at least that the investment of the non-defaulting party exceeds that of the defaulting party; that the contract by its very terms provides for this and is too clear and explicit to admit of any other interpretation; that a decree of specific performance would of necessity decree and enforce a forfeiture. Where the performance of a contract will render the defendant liable to- a forfeiture the performance is a hardship and will not be decreed. Pomeroy’s Equitable Remedies, Vol. 2, Sec. 800, p. 1320. Specific performance is a- remedy intended to achieve equal and exact justice between the parties. It is not necessarily always awarded. If awarded here it would give the plaintiff reparation in full for the legal measure of his damages and likewise award him the land. Associate Justice Sutton does not agree with the majority views on this point nor with the majority’s disposition of the case, and will no doubt incorporate , his views in a dissent.
We hold that the sales paragraph of the contract provides for a forfeiture and therefore is not susceptible of specific enforcement in a court of equity, .hence all other points become immaterial.
The judgment is reversed and here rendered that plaintiff take . nothing on his suit for specific performance, and that the cause be remanded for a new trial on dé-fendant’.s cross-action. . - .
Reversed and rendered in part and remanded in part,
PRICE, C. J., concurs.