Chace v. Johnson

J. E. Chace, Sr., and M. F. Johnson entered into a contract' of purchase and sale of certain land. Chace agreed to “sell and convey” the land to Johnson and the latter ag'reed to “purchase and take” it. The price agreed upon was $4,200, of which $840 was paid by Johnson when the contract was signed. The remainder of the purchase price it was agreed should be paid as follows: $840 one year from the date of the contract', which was executed September 24, 1925, and $420 on each of the following dates: March 24, 1927; September 24, 1927; March 24, 1928; September 24, 1928; March 24, 1929, and…