Shipman v. Kloppenburg

TAYLOR, Justice.

On October 1, 1945, W. G. Shipman and C. R. Shipman, doing business as. Shipman Bros. Transfer Co., as sellers, entered into a written contract with L. W. Kloppenburg and Abby H. Kloppenburg, husband and wife, as buyers, for the sale of a trucking business and certain equipment. The pertinent provisions of the contract are as follows:

“That for and in consideration of $15,000. in hand paid by parties of the second part Parties of the first part agree to sell that part of their business known as their Long Haul Trucking business operating un der I.C.C. Permits No. MC-29791 and…