Holly Lumber & Supply Co. v. Friedel

In March, 1928, Lizzie Gr. Fellows as vendor executed a land contract to Beatrice L. Striggow. as vendee of a piece of property located on Louisa avenue in Flint, Michigan. The purchase price was $18,000, with a down payment of $3,000 and the balance at the rate of $150 per month. At the time of this purchase, Mrs. Striggow was purchasing another piece of property on Corunna Heights in Flint, Michigan, and there was a balance due on this property of about $2,500.

Mrs. Striggow, being desirous of building a gasoline station on the Louisa avenue property, borrowed the sum of $8,500 from the…