Freelander v. G. & K. REALTY CORP.

The plaintiffs bring this bill for declaratory relief seeking, inter alia, a decree that they are entitled to deduct the sum of $10,000 from the outstanding balance of a purchase money mortgage owed the defendant. The trial judge made “Findings of Fact, Rulings and Order for Decree.” A final decree was entered favorable to the defendant from which the plaintiffs appeal.

There is no dispute as to the material facts. On December 3, 1957, the plaintiffs entered into an agreement with the defendant to purchase a parcel of land and the building located thereon, known as building “D.” The property,…