Vanderwilt v. Broerman

Under date of May 23, 1919, the plaintiff Vanderwilt contracted to sell to defendant Broerman the premises described, for $28,400, payable $1,500 by note due March 1, 1920, and the balance, $26,900, March 1, 1925, with right to vendee to make earlier payment, the deferred payment to bear interest at 5 ¿4 per cent, payable annually. Possession was to be given to vendee March 1, 1920, and deed to be delivered on or before March 1,-1925, or “when above payments are fully made. ’ ’

“Merchantable abstract of title to said premises to be delivered by first party to second party showing merchantable…