Paul O'Leary Lumber Corp. v. Mill Equipment, Inc.

WILLIAM HAROLD COX, District Judge.

After extensive negotiations between the parties (manufacturer, seller and buyer), on September 29, 1964, Paul O’Leary Lumber Corporation (called buyer) purchased from Wilco Machine Works, Inc. (called seller) some sawmill equipment which the seller agreed to and did install on buyer’s plant site near Meridian. The time sales price for this equipment was $111,614.25, evidenced by a promissory note and secured by a title retention or conditional sales contract. On September 1, 1965, the indebtedness was reduced to $81,984.25, evidenced by a promissory note…