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22 Jones & S. 101

Thompson v. Lyons

The Superior Court of New York City

Decided December 17, 1886

The Superior Court of New York City · decided 1886-12-17

Plaintiff and defendant entered into a contract whereby defendant agreed to convey to plaintiff certain premises, and plaintiff “ in consideration and payment thereof ” was to convey certain other premises to defendant, pay $1,900 in cash, and assume a mortgage existing on defendant’s said property. At the time of execution of this agreement plaintiff paid to defendant $500 of said $1,900. On the day fixed for the consummation of the contract defendant refused to complete.

Decided 1886-12-17

Per Curiam.

¶1The stipulation made and signed by the parties showed that the contract was rescinded. This presumptively meant a mutual rescission, and, in the absence of evidence rebutting the presumption, justified the finding that the rescission was by mutual agreement. This being so, although the contract was not strictly one for the exchange of real estate, the plaintiff became entitled to recover back what he had paid on account of the contract and the defendant could not maintain recoupment. There cannot be a rescission in part and an affirmance in part. The learned judge below was therefore right in the determination made by him.

¶2The judgment must be affirmed with costs.

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