Brauer v. Trustees of First Methodist

This is complainant's appeal from an order of the court of chancery dismissing the bill of complaint.

The bill discloses that on July 30th, 1937, the trustees of the First Methodist Episcopal Church of Red Bank, New Jersey, and Frederick E. Ordway entered into a written agreement for the sale by the church and the purchase by Ordway of the church property in Red Bank for $120,000; that Ordway paid $6,000 on account of the purchase price as required by the agreement, and later assigned the agreement to the complainant herein; that by the agreement the date of settlement of the remainder of the…