Colonial Trust Co. v. Bodek

William J. Ryan, Incorporated, was the owner and developer of a large tract of land in North Wildwood, in the county of Cape May, and on Labor Day, 1925, through Joseph P. Day, sold at public auction a large number of lots upon said tract of land. The defendant Joshua Bodek, acting for a syndicate, purchased in his own name fifty-eight lots of land. In compliance with a memoranda of sale and of a contract of purchase and sale which he signed, these lots were conveyed to him and he executed, as part consideration therefor, the purchase-money bond and mortgage set forth in the bill.

On the 12th…