Meyer v. Reed

Foster, V. C.

Complainant seeks a decree to compel the specific performance of a written agreement made on April 25th, 1919, between the parties for the sale of the premises known as No. 517 Orange street, Newark.

The agreement, in substance, provides that, in consideration of $100 paid by complainant to defendant, the former was given “the sole and exclusive option to purchase or sell the premises for $11,000. The option to last until and to include the second day of June, 1919.”

The property was to “be conveyed by warranty deed by a record marketable title free from all encumbrances excepting…