King v. Moreland

From the record presented on this appeal it appears that for the sum of $4,250 defendant purchased from plaintiff’s assignor a two-thirds interest in “one ambulance, all the furnishings and equipment located down stairs at 1011 North Wilmington street, Compton, California, and all outstanding contracts with any person, corporation, or municipality, the subject of which are the performance of duties connected with the undertaking business, which the said lessor has this day entrusted to the care of the undersigned”. In payment thereof, defendant executed what is entitled a “purchase lease”,…