James S. Holden Co. v. William Tait Realty Co.

On August 8, 1919, the defendant William Tait Realty Company and the plaintiff entered *634into a written contract for the sale by the former to the latter of certain platted lands in the city of Detroit for the sum of $40,000. A down payment of $1,000 was then made, the balance to be paid on delivery of warranty deed and after the furnishing and examination of an abstract of title, but not later than 24 days from the date of the contract. The abstract as finally completed showed the title to the lands to be in the Winnetka Land Company, subject to a mortgage held by John Dubay securing $33,501,…