Paine v. . Brown

Davies, Ch. J.

Tlie Plaintiff, as assignee of one Calvin T. Chamberlain, brings this action to recover the sum of $2,000, being the amount of the first payment to be made upon a contract for the sale by Chamberlain, and the purchase by the Defendant, of one-fifth of the Indiana Central Canal.

The contract was in these words: “ Memorandum of an agreement. C. T. Chamberlain agrees to sell, and convey by deed of release, to Thomas Brown, one-fifth part of the Central Canal in Indiana, north of Morgan county, for the sum of ten thousand dollars; and the said Brown agrees to purchase the same, and…