Long Investment Co. v. O'DONNELL

The issues on this appeal are as follows:(1) Is the contract void for lack of mutuality ?(2) Is time of the essence of the contract so that failure of the buyer corporation to pay the balance of the purchase price on July 1, 1953, terminated its rights under the contract ?(3) If time is not of the essence, was it necessary for either party to give notice of demand of performance to the other, as a condition precedent to termination of such other party’s interest in the lands covered by the contract?(4) Is the plaintiff buyer’s failure to prove its willingness and ability to perform a bar to…