Rush v. Emmons

Plaintiffs, who are the vendees in a land contract dated May 20, 1924, filed a bill of complaint seeking cancellation and rescission thereof because of a claimed breach of the contract by defendants. Defendants Emmons were the original vendors. They conveyed to defendants Hague and Kelser, who in turn assigned their interest to defendant Finance & Investment Service Company. The land contract provided that vendors might place a first mortgage upon the property described therein in a sum not to exceed $2,000, and that, when the balance due upon the contract should be reduced to the amount of…