Cohen v. Kranz

On September 22,1959 plaintiff contracted to purchase defendants’ one-family house in Nassau County for $40,000. Four thousand dollars was paid on the signing of the contract and the balance due upon delivery of the deed was. in the form of $24,500 cash and the assumption of an $11,500 first mortgage. Closing was set for November 15. Plaintiff obtained an adjournment of the closing date to December 15 without any indication that title would be rejected. On November 30, plaintiff’s attorney sent defendants’ attorney a letter stating: “ An investigation has disclosed that the present structure…