Lochmann v. Meehan

This was an action for the specific performance of a contract for the purchase of a chattel mortgage upon fixtures in a barroom, and of the claim against the mortgagor, which was thereby secured. The plaintiff was the owner of these securities, upon which the sum of 11,350 remained unpaid, and the defendant agreed to purchase them for $800, but refused upon demand to carry out her contract. Upon these bald facts the complaint was dismissed at special term, and properly. No reason for invoking the equitable powers of the court was shown, and upon the facts found the plaintiff had an adequate…