Belbird Realty Corp. v. Wolfson

The writing upon which plaintiff asks specific performance by conveyance of the described land and building, is as follows:

“New York, Jan. 9th, 1925.

“ Received from Belbird Rlty. Corp., check for $100 as binder for the purchase of property 835 Columbus Ave. Price $68,000; subject to 1st mtg. $30,000, at 5|% ■—5 years; Cash $20,000.

“ Balance of $18,000 to be taken back in a purchase money mortgage for 10 yrs. payable $1,000 a year for the 1st — 5 yrs. and $1200 a year for the remaining 5 years with interest at 6% per annum.

“ Contract to be signed Monday, Jan. 12, 1925 at the office of Wm. M.…