Stadler v. Ciprian

Potter,

J. February 1, 1927, defendants and lessees leased of Harry L. Jewell a single store on the northwest corner of Cass and Henry streets in the city of Detroit for eight years for an agreed rental of $34,650, payable $250 a month' for six months; $325 a month for the next six months; $350 a month for the next three years; $375 a month for the next two years; and $400 a month for the last two years. The lease provided for cancellation at the end of 36 months upon 90 days ’ notice and payment by the lessees to the lessor of $5,000 in cash.

When the speculative mania stimulated by propaganda…