Amaranth Land Co. v. Corey

This is an action .by an assignee of a vendor of land to compel the vendee to pay overdue installments on the purchase price and also to compel the payment of future installments by virtue of a clause in the contract of sale giving the vendor the right to declare the entire purchase price due and payable upon the vendee’s default in any of the payments. The court gave judgment for the overdue installments, but found that the right to declare the entire purchase price presently due and payable had been waived.

Defendants contend that inasmuch as the vendor retained the legal title the action is…