Morrill Realty Corp. v. Rayon Holding Corp.

The question presented is whether plaintiff was justified in rejecting at a closing the title to premises comprising the block fronting on the westerly side of Madison avenue between Thirty-sixth and Thirty-seventh streets in the borough of Manhattan, known as Nos. 218-230 Madison avenue and 16-18 East Thirty-seventh street. The contract of sale expressly states that the plaintiff was acquiring the premises for the purpose of constructing a business building. .

The premises now consist of dwelling houses erected for residential purposes. The contract enumerates certain agreements and covenants…