Tayman v. Hare

Charlotte H. Tayman agreed to sell to Tilden F. Hare a mortgage in the principal amount of $15,500 which she held on property known as “Hillwood Shores,” for the sum of $14,500. The agreement dated April 26, 1939, was in writing and provided that Mrs. Tayman “hereby agrees to indemnify the said party of the second part (Hare) from any loss arising from taxes due as of this date over and above the sum of $800.00 the party of the second part (Hare) agrees to absorb said taxes if need be under said sum of $800.00.” Hare paid Mrs. Tayman $200 at the time of the execution of the agreement. Mrs.…