Lingemann v. Naoumson

The bill of complaint in this case was filed May 28, 1925, for the purpose of compelling specific performance of a preliminary agreement, dated February 25, 1925, in form of proposal and acceptance, for the purchase of 40 acres of land near Detroit, a copy of which is set out in the bill of complaint. An initiatory payment of $500 was made when the parties signed the agreement,, which is still retained by defendants. No other payment has ever been made or tendered. A further sum of $6,500 was to be paid upon execution and delivery of a specified form of land contract, with the remaining…