MacNicol v. Grant

On September 7, 1950, William MacNicol and Neil MacNicol, plaintiffs and appellees, sold their retail liquor business in the city of Bay City, Michigan, to Donald C. Grant and Kenneth Millspaugh, copartners doing business as Club Bon Ton, and at the same time leased to them the premises then occupied by the business. The sale of the business included a transfer of all personal property used in the business and an assignment of a class “C” Michigan liquor control commission license.

Twenty-one thousand dollars in cash was paid as a down payment and the balance of the purchase price in the…