Freedom Oil Works Co. v. Williams

Opinion by

Mr. Justice Frazer,

Defendants obtained an option to purchase a garage in the Borough of Westmont, Cambria County, and to procure funds to finance the purchase and install the necessary tanks, pumps and equipment for the purpose of conducting a gasoline service station in connection with the garage, entered into a contract with plaintiff company, dated June 5, 1926, whereby the latter agreed to advance for the project stated a sum not to exceed $10,000, to be secured by a mortgage on the property and repaid at the rate of $100 a month with six per cent interest. In consideration for…