Cogswell v. Boehm

In this action, brought for specific performance of a contract for the purchase and sale of property on East Twenty-Ninth street, there is little, if any, difference between the parties as to the facts. The price to be paid was $57,000. When sold the property was incumbered by two mortgages, which it was necessary should be satisfied to carry out the terms of the sale.. These mortgages were not due, but the plaintiff had arranged with the Equitable Life, the mortgagee, to have satisfaction pieces ready for delivery on the day fixed for closing the title. On this day the parties attended at…