Kobrin v. Drazin

The complainants agreed in writing to sell to the defendant two apartment-houses. The defendant refused to accept a deed, and pay the purchase price, on the day fixed for the transfer, because the title was not clear, and defends on that ground, and because time was of the essence of the contract.

Five judgments against two former owners in common of the land are recorded liens against the land. One was recovered more than four months before, and four within four months of the filing of a petition in bankruptcy against the judgment debtors. The land being encumbered in excess of its value, the…