Sorensen v. Larue

Respondent brought this action to recover possession of lands sold by him to appellant W. S. Larue under a contract by which appellant agreed to pay $50,000 by assuming a mortgage on the premises in the sum of $13,630, and paying the sum of $36,370 in instalments together with interest, taxes and certain assessments upon the land. There is little if any dispute as to the facts. They are largely stipulated. The last payment of $8,000 came due upon March 5, 1922. Time was made the essence of the contract, and the vendor was “to furnish an abstract of title, fifteen days before last payment is…