Margulus v. Mathes

The plaintiff appellant, Leon C. Margulus, hereafter called plaintiff, brought suit in the city court of the city of Granite City, against the defendant appellee, for damages for breach of an option agreement, which is in the following form:

“For one dollar ip, hand received and other valuables I agree to deliver to Leon C. Margulus the property in Alton, Illinois, known as 107 W. 3rd St. with a frontage 25 feet by 90 feet in depth for the sum of Forty-two Thousand Dollars ($42,000) in cash. It is understood this property is under lease for Ten (10) years. This option good for Twenty (20) days…