Section 23-2-132. When voluntary agreement enforced  


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  •    Specific performance will not be decreed of a voluntary agreement or merely gratuitous promise. If, however, possession of lands has been given under such an agreement, upon a meritorious consideration, and valuable improvements have been made upon the faith thereof, equity will decree the performance of the agreement.
Orig. Code 1863, § 3121; Code 1868, § 3133; Code 1873, § 3189; Code 1882, § 3189; Civil Code 1895, § 4039; Civil Code 1910, § 4636; Code 1933, § 37-804.