Thomas v. Johnson

It appears from the findings of fact that on March 6, 1934, the plaintiffs owned a certain house and lots in Poultney, Vermont, and the defendant, a farm in Granville, New York. On this date the plaintiff Thomas and the defendant entered into an agreement in writing under seal whereby the defendant agreed to sell, and Thomas to buy, the said farm for the price of $5,000.00, to be paid $3,500.00 in cash and by the conveyance to the defendant by Thomas of the house and lots, which were to be accepted as a payment of $1,500.00. This agreement, among other things, provided that the risk of loss…