James S. Holden Co. v. Applebaum

On May 1, 1925, Maurice Dreifuss contracted to sell certain real estate in the county of Wayne to Louis T. Applebaum. On November 7, 1927, Applebaum assigned his interest as vendee in the contract to his father, Isaac Applebaum. It was stated therein that the balance owing thereon was the sum of $9,959.08, with interest from June 1, 1927, “which the said assignee and grantee assumes and agrees to pay.” ‘On May 8, 1928, Dreifuss conveyed the premises to the plaintiff corporation by warranty deed .and at the same time assigned his interest in the land contract to it, covenanting therein that…