Singer v. Cradick

The executor of this estate received a bid of $79,500 for the property from Mr. and Mrs. Harry Gershan. He presented this bid to the probate court for confirmation. On the hearing which followed, Joseph P. Singer bid in open court $83,975 for the property, and it was sold and confirmed to him.

While in court, Mr. Singer signed a formal written bid, and deposited with the executor $8,500 to bind the bargain. Executor’s deed was to follow upon payment of the balance of the purchase price. For the purpose of completing the transaction, Mr. Singer caused an escrow to be set up in a bank.

But he…