Does the statute of limitations bar an action at law to recover a balance of indebtedness due on the purchase price of land?
"New York", United States of America
The following excerpt is from Holland v. Grote, 193 N.Y. 262, 86 N.E. 30 (N.Y. 1908):
The case of Borst v. Corey, thus cited, simply held that where the statute of limitations barred an action at law to [193 N.Y. 270]recover a balance of indebtedness due on the purchase price of land, a creditor would not be permitted to avoid the statute by seeking relief in the form of an equitable action to enforce a lien for the indebtedness.
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