Peterson v. Bohannon

O. W. Bohannon and his wife and daughter organized a canning’ business, which they incorporated in 1936 under the name of Bohannon Canning Company. The company’s place of business was at No. 104 Cane Hill Street, in the city of Van Burén. About June 1, 1940, one E. L. Peterson came to Van Burén from Springfield, Missouri, where he had resided Before coming to Van Burén. Bohannon and Peterson were friends and had had previous business relations.

On the last-mentioned date these parties entered into a “Contract for Sale of Canning Factory,” the relevant portions of which read as follows:

“This…