Malone v. Kugel

Prior to 1932, Carl Kugel and wife, Katherine Kugel, operated a dry cleaning and dye ing establishment in the city of Grand Rapids. After Mr. Kugel’s death, Katherine Kugel, wishing to return to Germany, sold the business and property on May 25, 1932, to A. F. Jannausch and Kathleen B. .Jannausch, husband and wife, for the sum of $10,000 on a conditional sales contract with a down payment of $3,500 represented by a note and mortgage given in favor of Katherine Kugel upon certain property owned by Mr. and Mrs Jannausch. The balance of the purchase price, namely $6,500, was to be paid in…