¶1The defendants appeal from a final decree granting to the plaintiff specific performance of an oral contract to convey to the plaintiff land and buildings on Einhorn Road in Worcester, including an oil burner and kitchen range. The evidence is reported.
¶2On January 9, 1946, the defendants signed and delivered to an agent of the plaintiff a memorandum in writing wherein they stated that they agreed to sell to the plaintiff “the premises at 28 Einhorn Road including oil burner and kitchen range for $12,500 under the following conditions . . . The conditions stated were, in substance, that the plaintiff should have title and possession by September 1, 1946; that if the defendants could not find other quarters, they be allowed to occupy the first floor at $50 a month rent “for a reasonable length of time”; and that if a commission should be “charged” the deal would be “off.”
¶3At the hearing in the Superior Court the defendants’ principal contention seems to have been that by the true terms of the oral agreement the plaintiff was to assume a mortgage of $6,000 already on the property and to pay $12,500 in addition. This would make the total purchase price $18,500. The trial judge on ample evidence found against this contention. He also justifiably found that the plaintiff was able, willing, and ready to perform its obligation under the contract, but was prevented from doing so *675by the defendants’ refusal to perform, and that no commission has been “charged” and no one intends to charge any.
¶4The defendants’ principal contention before us is that the memorandum is insufficient to satisfy the statute of frauds, G. L. (Ter. Ed.) c. 259, § 1, Fourth, in that it says nothing about the type of deed to be given, whether (¡warranty or quitclaim, nothing with reference to apportionment of taxes, water rates, insurance, and the like, nothing with reference to restrictions or easements or possible leases, and nothing as to whether the plaintiff was to assume the existing mortgage. The simple answer to this contention is that although these and many other matters might have been the subject of express agreement at the time of the making of the oral contract, it does not appear that any of them was. The reasonable inference from the evidence is that the oral agreement was correctly stated in the memorandum and included nothing not stated or necessarily implied therein. A memorandum will satisfy the statute if, but only if, it correctly states the oral undertaking of the party sought to be charged. Hayes v. Jackson, 159 Mass. 451. Bogigian v. Booklovers Library, 193 Mass. 444, 447. Forman v. Gadouas, 247 Mass. 207, 212-214. Fichera v. Lawrence, 312 Mass. 287, 289. Taylor v. Haverhill, 316 Mass. 380, 382-383. Frost v. Kendall, 320 Mass. 623, 625. G. L. (Ter. Ed.) c. 259, § 2. That requirement was met in this case.
¶5The effectiveness of a contract for the sale and purchase of real estate is not impaired by the absence of the elaborate stipulations often found in such contracts providing for the kind of deed to be given, the division of charges against the property, the disposition of mortgages and other encumbrances, and similar matters. A simple agreement to sell and to buy is enough if it identifies the parties and the land and fixes the price. Such an agreement is commonly interpreted to require the conveyance of a good title free of encumbrances upon payment of the price in cash within a reasonable time. The price need not always be expressly stated. Shayeb v. Holland, ante, 429, 430-431, and cases cited, 432-433.
¶6*676•No contention seems to be made, and none could be made, that the description of the land in the memorandum was inadequate. The land was a corner lot in a city, and the defendants owned no other property in that city. Cousbelis v. Alexander, 315 Mass. 729, 731.
¶7The defendants contend that some provision should have been made in the final decree for their continued occupancy of the first floor of the premises “for a reasonable length of time.” This contention requires no extended discussion. By the time the decree after rescript is entered the defendants will have remained in possession at least fourteen months after September 1, 1946, when by the terms of the agreement the conveyance was to have been made. We think they will have had the “reasonable length of time” which the contract gave them.
¶8The final decree should not have required the defendants to give a warranty deed, since their obligation to give a good title could be satisfied by a deed without covenants of warranty. Kyle v. Kavanagh, 103 Mass. 356. Wells v. Day, 124 Mass. 38. The decree must be modified in this respect, and also as to the time fixed for performance, which has expired pending this appeal.
¶9An appeal from the judge’s findings of fact and order for decree is dismissed. Broderick’s Case, 320 Mass. 149, 151. Graustein v. Dolan, 282 Mass. 579, 582-583. The final decree as modified is affirmed with costs of appeal.
¶10So ordered.