Scriven v. Abrams

Edgab J. Nathan", Jb,, J.

This action for rescission of two contracts for the purchase of realty was submitted on an agreed statement of facts. The substance of this statement follows:

The contracts were entered into on April 17, 1961. The sum of $1,500 was paid on account by the purchaser for each parcel. Both parties were represented by counsel. The specified closing date was June 15, 1961. On May 11, a letter was sent to the sellers on the purchaser’s behalf informing them that the purchaser was no longer interested in purchasing the properties, and wished to withdraw from the transactions.…