Singer v. Hoffman Cake Co.

On December 8, 1926, plaintiffs sold to defendants on executory contract the building, land and personal property used in their baking business in Detroit for the sum of $46,500, of which $5,000 was paid in cash and an additional $5,000 by conveyance of other property. The balance was payable at the rate of $365 per month, including interest, with an additional sum of $1,000 each and every year from the date of the contract. The contract stated that if the purchaser failed to pay the taxes, the sellers might pay them and add the sums so paid to the amount due on the contract, said sums to be…