Newcomb v. Ray

On April 8, 1950, the parties entered into a written agreement by the terms of which the defendants agreed to sell and the plaintiffs agreed to buy certain real and personal property in Bedford known as the Bedford Cabins at a total price of $33,000. On the same date the plaintiffs paid the sum of $3,300 towards the purchase price and agreed “to pay the balance in the amount of $29,700 upon taking possession of the aforementioned property which will be on or about June 1, 1950.” It was also “mutually agreed that in the event that the buyers are unable to sell their property located in…