Beaver Drug Co. v. Hatch

On the 11th day of January, 1921, plaintiff corporation purchased of defendant that certain business in Beaver City, Utah, known as the Beaver Drug Company, consisting of a stock of drugs, merchandise, fixtures, fountains, showcases, and all appurtenances and equipment pertaining to the business, for the sum of $7,500. $2,500 was paid in cash, and the remainder under the terms of the sales agreement was to be paid as provided in a promissory note executed contemporaneously with the agreement as follows: $100 on or before the 1st day of March next following, $100 on or before the first day of…