Drake v. Sop

On or about June 27, 1927, the parties hereto signed a written memorandum whereby it was agreed that on July 6, 1927, the plaintiff was to sell to the defendants his farm of about 105 acres in the town of Erin, Chemung county, N. Y., with some personal property including two cows, for the sum of $5,500, and receive in exchange and payment a deed of the defendants’ house and lot at Elmira Heights, N. Y., at the price of $4,500 and to pay the difference by giving a purchase-price mortgage of $1,000 on the farm or by assuming a mortgage of that amount already on the farm, the language of the…