Shortall v. Mitchell

This was a bill for specific performance, brought by Shortall, against Alexander and James Mitchell, upon the following memorandum:

“ Chicago, Ill., Dec. 4th, 1867. I have this day sold to John G. Shortall, my lot on, south-west corner of Prairie avenue and Sixteenth street, (about 92 feet x 177 feet,) for $20,000, payable as follows:

$2,000 cash, receipt acknowledged ;

$8,000, on or before 5th January, 1868;

$5,000, on or before 1st January, 1869;

$5,000, on or before 1st, January, 1870; the last two payments to bear interest at the rate of eight (8) per cent per annum, from 1st July, 1868,…