Peoples Savings Bank v. Geistert

Fred Z. Pantlind, as trustee, bought the lands involved herein on several land contracts. The contracts contained a covenant against assignment without the written consent of the vendors indorsed thereon. No indorsement of vendor’s consent to their assignment was made on any of the contracts. Pantlind, as trustee, transferred his vendee’s interest in the land and contracts by quitclaim deed to the Sunset Terrace Resort Company, a corporation. The articles of association of the Sunset Terrace Resort Company state it is assignee of the vendee’s interest of Pantlind, trustee, in the land…