Gaibout v. Clark

The plaintiffs and the defendant entered into a contract of sale, evidenced by the following memorandum :

"St. Louis, May 26, 1885.

"J. T. Graibout and T. J. Woodward.

£ ‘ I propose to purchase your two-thirds interest in the business known as the ‘ Union Mercantile Agency ’ (formerly Merchants’ Mutual Protection and Collection Association) of the city of St. Louis, Mo., including all books, blanks, office furniture, contracts, good will of the *427business, office lease and insurance policies, and, in fact, your entire interests and control in said business, for which I will agree to pay you two…