Marchman v. Fowler

Where an executory contract for the sale of two separate and distinct parcels of land for a stated lump consideration for both parcels, to be paid before a given time by the purchaser, stipulated: “It is expressly agreed and understood that this trade is made subject to the examination of titles by an attorney, and a reasonable length of time is to be allowed each party for this purpose. If titles are good and merchantable, this deal is to be closed by October 10th; but in case titles to either piece of property are not good and merchantable and can not be made good and merchantable in a…