Buffalo Builders Supply Co. v. Reeb

The plaintiff agreed to buy from the defendant his “ builders’ supply business ” in the city of Buffalo. The contract provided for the transfer to the plaintiff of the equipment used in the business, the stock of salable merchandise on hand, and the good will of the business. The consideration for the transfer was to be the payment of the inventory value of the equipment and the market price of the merchandise plus the sum of $50,000. The defendant agreed that “ he will for a period of ten years * * * abstain from the retail business of merchandising in mason builders’ supplies of any name or…