Sloan-Pierce Lumber Co. v. Gardiner

In its petition, the appellant alleged that: About February 1, 1941, in Des Moines, Iowa, it verbally proposed to appellee, a nonresident of .Towa, that it would sell to him the buildings and equipment and an assignment of the lease for $6,500, and the stock of merchandise at the manufacturers’ market price, and that the offer was not then accepted but the contract was consummated some days later by an exchange of telegrams and letters; the contract contemplated appellee would pay appellant $6,500 in cash for the buildings and equipment on delivery, an additional sum of. $4,500 on completion…