Turner v. 1518-20 Locust Street Co.

MacNeille, P. J.,

On May 2, 1946, Kathryn C. Watt entered into a written agreement with defendant corporation and with Homer Reed and J. H. William Stambaugh, trading as Reed & Stambaugh, agents for defendant corporation, for *56the sale by defendant and the purchase by Kathryn C. Watt of premises 1518-20 Locust Street, Philadelphia, for a consideration of $315,000, payable as follows: $10,000 on the signing of the agreement; $21,500 upon notification by defendant of the approval of the agreement by defendant stockholders, and the balance at settlement, which was required to be on or before…