Jaeger v. Ridgewood Park Estates, Inc.

Complainants brought this suit to rescind a contract of purchase of real estate made with defendant Ridgewood Park Estates, Incorporated. Subsequently Ridgewood Park Estates, Incorporated, conveyed title to the lands in question to defendant Palisades Development Corporation, which in turn conveyed them to defendant Efem Realty Company, a corporation. These conveyances were made subject to the contract with complainants, but the obligations of Ridgewood Park Estates, Incorporated, under the contract were not assumed by the other defendants. Efem Realty Company interposed a counter-claim,…