Ring 57 Corp. v. Litt

*549Ughetta, Christ and Munder, JJ., concur; Beldóek, P. J. and Rabin, J., dissent and vote to affirm the judgment, with the following memorandum: As a general rule, where a contract is made for the sale of real property and the time for closing the transaction is not" expressly made of the essence of the contract, courts of equity may in their discretion compel specific performance of the contract even though the party asking for such relief has failed to comply with the terms of the contract as to time of performatiee, “providing such failure has not arisen from bad faith or inexcusable delay ”…