Wonder Products, Inc. v. Blake

Wonder Products, Inc., a Michigan corporation, plaintiff herein, is solely owned by Edgar A. Isler, also plaintiff. We shall refer to Isler only.

On October of 1948, Isler was attracted by an advertisement offering a bottling plant in Perndale, Michigan, for sale. The plant was owned by David •and Betty Blake, defendants, doing business as the Wonder Orange Bottling Company. After negotiations, Isler purchased the plant for $59,000; $9,000 of which was to be paid on November 19, 1948, the day the contract was entered into, an additional $3,000 in 60 days, and the balance in quarterly…