6 N.J. Eq. 477 | New York Court of Chancery | 1847
If it would be within the proper exer
Under these circumstances, I think the court should not interpose by way of injunction, or order in the nature thereof,
But) should the defendant be permitted to delay indefinitely the fulfilment of his agreement to purchase, because the complainant took possession of lands, the use of which was to be in lieu of damages, and which use was to continue until the fulfilment of the agreement? I think not. It would be a harsh construction of the second agreement to say, that it bound the complainant to wait indefinitely the pleasure of the defendant as to the fulfilment of the agreement to purchase, and that the complainant’s agreement to sell should stand good against him as long as it suited the convenience of the defendant. This could not have been the meaning and spirit of the second agreement $ and it is just and equitable that a limit should be fixed within which the-defendant should pay the money, in fulfilment of his part of the agreement, or the agreement cease to bind the complainant. If”
In this case, as affected by the second agreement, the danger that the complainant might be subjected to future litigation, after an indefinite lapse of time, particularly if he continues to use the lands he is using in lieu of damages, (and I do not see that he is bound to give them up,) is apparent. And if he should sue at law for damages, he would be subjected to embarrassment while the agreement to sell exists and he continues to use the lands he is using in lieu of damages. The defendant has put the complainant in this position by his failure and fault in not complying with his agreement to purchase; and the complainant should be relieved from this position.
Part of the relief prayed by the bill, that is to say, that a time be fixed within which the%defendant shall pay the money and take the deed, and that in default thereof the complainant’s agreement to sell be decreed to be no longer binding and be given up to be cancelled, will be given. Beyond that, the complainant will be left to his remedy at law.
Order accordingly.