Sterne v. Fletcher American Co.

This action was by complaint in two paragraphs, filed by appellants against appellees to recover $25,000 in money deposited with appellees by appellants in connection with a certain written contract between the appellants and appellees, by the terms of which contract appellees agreed to purchase all the preferred stock of the Medical Arts Realty Company, which association was organized for the purpose of building a seventeen-story office building at Massachusetts Avenue and Ohio Street, in the city of Indianapolis.

The cause was submitted to the court for trial, who, upon request, made a…