Drake v. Lippman

On August 6, 1920, plaintiffs entered into a contract with Harry Cook and Catherine Cook, his wife, to sell them certain lots on Scotten avenue in Detroit for $7,000. There was a down-payment of $1,500 with agreed monthly payments of $40. The Cooks were given possession, and the contract contained the usual provision for forfeiture for failure to make payments. March 8,1924, the' Cooks assigned their equity to defendant Lippman. He gave notice of the assignment of the contract to him and in turn was notified that the contract was at default. At this time there were past due monthly payments…