Snotherly v. Jenrette

The facts alleged in the complaint to which the demurrer was directed were substantially these:

In December 1949 plaintiffs leased from defendants a building near Raleigh for the purpose of engaging in the restaurant business, and installed therein suitable equipment and fixtures. On 1 February, 1950, plaintiffs asked for reduction in rental or deferment of payment, and defendants replied with a proposal that plaintiff J. E. Snotherly should purchase the share and interest of II. A. Snotherly for $100, that defendants would make all delinquent payments on plaintiffs’ equipment, and that on…