Miedema v. Wormhoudt

On August 26, 1916, plaintiffs in error, H. D. Wormhoudt and A. J. Kuyper, entered into a contract with E. R. Tallmadge for the exchange of about 2073 acres of land which Tallmadge owned in Kankakee county for 2720 acres which the plaintiffs in error owned in Manitoba, Canada. In consideration of the conveyance to them of the lands in Kankakee county the plaintiffs in error agreed to convey to Tallmadge the Canada lands and to pay in addition the sum of $200,000,—$20,000 on or before two years after the date of the agreement and the remainder in installments thereafter. Tallmadge agreed, as…