Harriman v. Tetik

On October 19, 1958 plaintiff agreed to buy a half interest in defendant Tetik’s cocktail lounge, the “Fancy Free.” Tetik had listed the entire business for sale, and the parties contemplated sale of the remaining half when plaintiff had learned the business and raised the capital. They agreed to operate the business as a partnership in the meantime. The contract, drawn as an escrow agreement on a form provided by defendant Calstate Escrow Service, stated that Harriman would pay into escrow the full price of $9,500. He also promised to pay directly to Tetik half the value of the liquor on…