Ireland v. Penn Motors Corp.

Samuel Ireland in his lifetime filed a bill alleging that some time prior to the 28th day of September, 1921, he entered into an agreement with the Penn Motors Corporation, wherein he agreed to convey to the said corporation, the lands and premises described in the bill, upon the condition that the defendant company would give its bond for $4,500 to be paid in five years from the date of said conveyance and to be secured by a purchase-money mortgage in the sum of $4,500 payable in five years from the date thereof, without interest, and that they would enter into an agreement to reconvey the…