Elster's Sales v. Longo

Opinion

GUSTAFSON, J.

Plaintiff Elster’s Sales, a corporation, had long been in the business of furnishing and equipping restaurants. The Mikado Corp., a corporation with little assets, proposed to establish a Japanese restaurant in a building located on leased land in Oakland. The restaurant corporation contemplated an installation much more expensive than that for which it could pay in cash and therefore required a long period of time to pay the entire purchase price.

Elster’s Sales had developed a program of handling such situations. An individually owned restaurant (as opposed to one of a…