American National Bank v. Barley

The American National Bank of Nashville, Tennessee, was the owner of certain assets of the defunct Marathon Motor Works, and among them were 125 large automobile frames and 440 small ones. Defendant was engaged in manufacturing automobiles and he learned that these frames were for sale. He opened negotiations with plaintiff and finally closed a deal by wire on April 14, 1917, whereby he was to pay plaintiff $3 each for the large frames and $2 for the small ones. He paid $100 on the purchase price and agreed to pay the balance, and move the *483frames within 4 months from the date of purchase. A…