Seitz Estates, Inc. v. Medico Bros.

On October 17, 1935, the defendant, a domestic corporation, signed a contract for the purchase of certain real property and paid to plaintiff $1,000.' On November 20, 1935, the defendant rejected the title offered and refused to execute the purchase-money mortgage and pay the cash stipulated by the contract, on the ground that there was an undivided one-quarter interest in the fee of the premises contracted to be sold, outstanding in one Walter R. Seitz, an incompetent person.

All of the facts concerning the title to the real property in question were submitted in June, 1929, to this court…