Brink v. Steadman

This bill was to enforce a specific performance of a contract to convey certain premises. The original contract between the parties was in writing. On the 9th day of March, 1859, appellant purchased of appellees, Steadman and Mallory, a certain lot, for §400, to be paid for in one, two and three years, with interest at the rate of ten per cent per annum from date, according to the tenor and effect of three promissory notes of the same date. Time was made, by the express terms of the agreement, material, and of the essence of the contract, and, in case of failure, the intervention of equity…