Stryker v. Marschner

This is a bill to rescind a land contract, brought by vendees thereto, and a cross-bill to fore close the land contract brought by defendant Gleaner Life Insurance Society, the vendors’ assignee.

On July 8, 1930, plaintiffs contracted to purchase from defendants Marschner the house and lot known as 18011 Crudder (now Woodingham Drive) avenue, in the city of Detroit. The purchase price was fixed in the contract at $14,500, of which plaintiffs made a down payment of $3,500. This payment was evidenced by the assignment of plaintiffs’ interest in other property at an agreed price of $1,500, and…