Dick Et Ux., to Use v. McWilliams

Opinion by

Mr. Justice Frazer,

On December 21, 1926, plaintiffs, being owners of land upon which a hotel building was partly erected, agreed in writing to convey the property to defendant for the sum of $54,000 payable $5,000 on or before December 20, 1927, $15,000 on December 20, 1928, and the remainder on December 20,1929. As further consideration defendant also agreed in writing to begin the work of completing the building on or before January 3,1927, and finish the same by August first of that year, and also that in event he failed to begin work on the date mentioned the first payment of…