Dorff v. Bornstein
New York Court of Appeals
1Opinion of the CourtRipfey, J.
In February, 1926, the defendant Hyman Bornstein purchased from one Edna Hyde certain real property situate in Brooklyn for $60,000 and executed and delivered to the seller, as security for part of the purchase price, his bond in the penal sum of $36,000, with interest at six per cent per annum on the principal, of which $1,000 was payable on April 1, 1926 and $2,500 annually thereafter in quarterly installments until April 1, 1938, when the balance of unpaid principal and accrued interest was payable. He gave to the seller a mortgage on the premises as security for the payment of that sum…
2Cases cited23 opinions
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