France v. Ramsey

The bill is for specific performance of an executory contract for the sale of real estate, brought by the vendee against a person succeeding to the position of the vendor under the contract.

The contract in writing, signed by the parties, is a form of lease-sale contract, the purchaser paying a small cash consideration, balance in small long-term installments, payable monthly, evidenced by interest-bearing notes, and with" stipulation that upon default for 60 days in payment of any note, or failure to keep the property in repair, pay taxes,, and assessments and keep insurance in force, the…