Hopkins v. Tinklepaugh

On September 27, 1923, the defendant Tinklepaugh entered into a contract with the defendants Stark, in which Tinklepaugh agreed to sell and the Starks agreed to purchase a *128farm in the town of Sodus for the sum of $25,000. The vendees made the first payment amounting to the sum of $5,506.40, and in February, 1924, went into possession of the farm. They made no further payments upon the principal but did make payments of interest amounting to $3,224. The vendees thereby acquired an interest in the real property described in the contract. (Elterman v. Hyman, 192 N. Y. 113, 125.)

The vendees “…