Owen v. McDonald

Action for reeision of contract for purchase of personal property and for damages. Plaintiffs and defendants entered into a written agreement contained in escrow instructions wherein plaintiffs agreed to buy and defendants to sell the furnishings, fixtures, equipment, stock in trade and good will of the business known as “McDonald’s Cottage Shops’’ in the city of Anaheim. The purchase price of $9,000 was deposited in escrow, together with the sum of $500 to cover two months’ rent on the premises and one-half of the escrow fee and other items. The agreement was dated April 13,1948, and…