Steele v. Hinkle

Opinion op the Court by

Judge Clarke

Affirming upon both the original and the cross appeals.

Appellant sold his stock of goods, and his leasehold on the building in which his business was conducted to appellees, for $160,000.00. The contract of sale, after reciting this fact, contains this clause, inclosed by parenthetical marks:

“Of which, the sum of $50,000.00 is to be in payment for the stock of goods, fixtures, appliances, vehicles, and the like, and the balance, $110,000.00, is to 'be in payment for the business and the leasehold right.”

Following this clause, and in the same sentence, is the…