Succession of Fay

On August 22, 1924, John Dart entered into an agreement to purchase from Charles M. Prue lots 82, 84, 86, 88, 90, and 92 of block B on Audubon boulevard in the city of New Orleans, for the sum of $27,-000 cash, which Dart agreed to pay if Prue would give him a good and valid title, free of incumbrances. Dart in accordance with the agreement to purchase, deposited 10 per cent, of the purchase price with Prue’s agent. He examined the title to the property, and found what he considered a defect in lots 90 and 92, and notified Prue that he would be ready to complete the transaction within the…