Luff v. Nevins

The facts in this case are as follows:

The complainants, on August 27th, 1925, entered into an agreement, in writing, with the defendant wherein they agreed to purchase from the defendant the premises described in the bill of complaint filed herein for the sum of $12,000, to be paid as follows: $2,000 cash and the balance of $10,000 by executing three promissory notes, each in the sum of $3,333.33, and payable respectively in one, two and three years from the date thereof, the same to be secured by a mortgage deed on said premises. The said agreement to purchase was carried out by the…