deficiency is in size of the land or in character of title, or in time
possession or enjoyment. As Lord Eldon put it, in Wood v. Griffith
(1), "No one will dispute this proposition, that if a man offers to
sell an estate in fee simple, and it appears that he is unable to make
a title to the fee simple, he cannot refuse to make a title to all that
hehas. . . . Ifa person possessed of a term for 100 years con-
tracts to sell the fee, he cannot compel the purchaser to take, but
the purchaser can compel him to convey, the term, and this Court
will arrange the equities between the parties." This means compensa-
tion. I find that so recently as 1915 Lord Haldane stated in the Privy
Council, in a brief and succinct form, the rule of equity on the sub-
ject : - " Subject to considerations of hardship he " (the purchaser)
"may elect to take all he can get, and to have a proportionate abate-
ment from the purchase-money. But this right applies only to a
deficiency in the subject matter described in the contract. It does
not apply to a claim to make good a representation about that
subject matter made not in the contract but collaterally to it"
(Rutherford v. Acton-Adams (2) ). In the present case the contract
was for conveyance and possession of certain land on 31st March.
In other words, the purchaser was to have, under the contract,
enjoyment of the benefits of the land as from 31st March, and he
did not get that enjoyment till 5th June, when the grass had been
eaten down by the vendor's stock. There was, therefore, a deficiency
in the subject matter of the contract - the subject matter being the
Jand as from 31st March, not as from 5th June, nor as from some
future year. When we say that property is sold, we imply that the
purchaser is to have the right to the enjoyment and control of the
property to the extent indicated in the contract ; and it is a diminu-
tion of the property sold if the enjoyment and control be postponed
after the date fixed therefor for ten years, or for ten weeks, or for ten
days; just as the present value of money payable twelve months
hence is less than the value of money payable immediately. Where
A contracted to sell a fee simple to C, and B, the wife of A, refused
to convey her life interest, A was ordered to convey to C his own
reversionary estate with compensation for the deficient life interest