Thomas v. Ruhl

On August 13, 1898, the plaintiff and defendants entered into a contract for the exchange of certain properties, the defendants agreeing to convey to plaintiff certain premises of theirs in Hew York city, subject to mortgages aggregating $29,400, and the plaintiff agreeing to transfer to defendants certain premises of the plaintiff’s at Freeport, Queens county, subject to a mortgage of $2,200. There was a difference of equities amounting to $1,000 in favor of the plaintiff, which the defendants adjusted by giving the plaintiff two notes, one for $500, payable six months after date, the other…