17th Avenue & 73rd Street Corp. v. Ocean Operating Corp.

The plaintiff entered into a contract with the defendant to purchase certain premises. The title was to close on the 11th day of September, 1925. On that date the purchaser raised the objection that the taxes, amounting to some $42,000, had not been paid. The seller was to receive $30,000 in cash, and it proposed that this $30,000 in cash be placed in the hands of the attorney for the purchaser; that the balance in cash be furnished by the seller and placed also in his hands, and that the attorney pay the taxes. The purchaser declined to do this and filed this notice of pendency together with…