careful investigation, and concludes his discussion with this-remark: “Even then fraud, and not inadequacy of price, is the-true and only cause for the interposition of equity and the granting of relief.” 2 Pomeroy Eq. Jur., section 927. Judge Story is still more emphatic in his statement of the rule.. “ Mere inadequacy of price, or any other inequality in the bargain, is not, however, to be understood as constituting,per se, a ground to avoid a bargain in equity. Eor courts of equity,, as well as courts of law, act upon the ground that every person who is not, from his peculiar condition or circumstances,, under disability, is entitled to dispose of his property in such-manner and upon such terms as he chooses; and whether his bargains are wise and discreet, and profitable or unprofitable, or otherwise, are considerations, not for courts of justice, but for the party himself to deliberate upon. Inadequacy of consideration is not, then, of itself, a distinct principle of relief in equity. The common law knows no such principle. The consideration, be it more or less, supports the contract.. Common sense knows no such principle.” 1 Story Eq. Juris., sections 244, 245. In Griffith v. Spratley, 1 Cox C. C. 383, the Chief Baron said there was no case in which mere-inadequacy of price, independent of other considerations, had been held sufficient to set aside a conveyance. In Woodfolk v. Blount, 3 Haywood, 146; S. C., 9 Am. Dec. 736, the Supreme Court of Tennessee made the same declaration. The case of Harrison v. Guest, 8 H. L. C. 481, was ably argued, and it was held, Lord Chancellor Campbell, and Lords Brougham,. Wehsleybale and Cranworth, all giving opinions, that mere inadequacy of consideration would not invalidate a contract. Lord Wensleybale said: “My Lords, I entirely agree Avith the opinion of my noble and learned friend on the Woolsack ; I concur entirely in all the observations that he has made upon this case; I do not feel the least doubt about it.” The case cited was very like the present, and is strong authority upon this point.
The question in the case at bar, therefore, comes to this: