Gorham v. Denha

Plaintiff appeals, by leave granted, the trial court’s denial of a motion for summary judgment adjudging defendants to be in default under the terms of a promissory note and security agreement, and permitting plaintiff to exercise the remedy of acceleration and repossession as provided therein.

On September 3, 1974, defendants Denha and Shaya entered into a purchase agreement with plaintiffs predecessor in interest, Diamond Dot Market, Inc., for purchase of a retail grocery store in the City of Howell. The sale was completed on November 25, 1974, when the parties executed a bill of sale,…