Krinsky v. Title Guarantee and Trust Co

In Krinsky v. Title Guarantee and Trust Co., 163 Misc. 833 (1st Dept. 1937), (a case involving the rescission of a real estate contract), the court held that a purchaser did not receive what she had bargained for when she was given a mortgage that matured in five years when her agreement of purchase called for a mortgage maturing in not more than three years. The court stated that there is a substantial difference between a mortgage maturing in three years and one that becomes due long thereafter.