| Mass. | Nov 24, 1915
In March, 1913, the plaintiffs agreed to sell and the defendants to buy the hotel property of the plaintiffs in Greenfield, Massachusetts, “on or before May first next, for the sum of thirty thousand ($30,000) dollars.” One thousand dollars was deposited with Charles H. Keith “ on account of the purchase price of said property.” The remainder was to be paid as follows: “$14,000 in cash, upon delivery ... of a good and sufficient warranty deed of the premises, clear of all incumbrances, excépt taxes assessed April 1st., 1913 ... on or before said first day of May next, and the balance of the purchase price, viz: — $15,000, is to be paid ... by mortgage upon the premises. ”
. The agreement was in writing, and in addition to the real estate therein described it included all the personal property in the hotel, with the exception of that in three rooms over the bar room and a few other articles specially mentioned; it further provided that if the defendants failed to comply with its conditions the $1,000 already deposited with Keith was to be paid to the plaintiffs, “as agreed upon and liquidated damages.”
May 1, 1913, the plaintiffs were not ready and able to perform. On the second day of May, however, they were ready and able to fulfil the terms of the sale. On the morning of that day they notified the attorney for the defendants of their ability and desire to act, and were told it was too late, that the sale should have been completed on the first day of May, and that, the plaintiffs having failed in this respect, the defendants were therefore excused from performance.
Thereupon this bill in equity was brought to specifically enforce the contract. The facts being found by a master, a decree was entered in the Superior Court
In equity, under an agreement like the one before us, time is not considered of the essence of the contract unless it expressly
On the second day of May the plaintiffs’ tenant had not surrendered the lease of a portion of the premises occupied by him, although it was agreed that the premises were to be free of all incumbrances. The tenant, however, had promised in writing to execute a release and surrender the premises whenever required, within thirty days. This was a sufficient compliance with the contract. Mansfield v. Wiles, supra. Richmond v. Gray, 3 Allen, 25, 31. Dresel v. Jordan, 104 Mass. 407" court="Mass." date_filed="1870-03-15" href="https://app.midpage.ai/document/dresel-v-jordan-6416076?utm_source=webapp" opinion_id="6416076">104 Mass. 407, 415.
It follows that the decree must be reversed and a decree entered for the plaintiffs, the terms of which are to be settled by a judge of the Superior Court.
So ordered.
By order of Callahan, J.