Frank LeRoux, Inc. v. Burns

Plaintiff brought this action to recover a delinquent payment due on a contract for the sale by plaintiff to defendants of the assets of a drug store. The trial court entered judgment for the plaintiff, and defendants appeal.

There is no dispute as to the facts. On April 18, 1969 the parties entered into a written contract by which plaintiff agreed to sell the assets of a business known as “Thrifty Drug” to defendants. The subject matter of the contract is more fully described in that agreement' as

All of the assets and equipment of that certain business commonly known as Thrifty Drug located…