Stone v. Snell

Ames, C.

Godkin owned a farm which was incumbered by several mortgages, and which he contracted on the 8th day of November to sell to Stone for an agreed purchase price, out of which the mortgages were to be paid. A written memorandum of the contract did not specify when the transaction was to -he completed, but it seems to have been stipulated or understood that it was not so to he until releases could be procured and the mortgages discharged, so as to clear the title to the land. Godlcin executed a deed and deposited in escrow with Green, to be delivered to Stone when the transaction should…