Grant v. Reilly

Mr. Presiding Justice Dove

delivered the opinion of the court.

William H. Grant, the owner of 374 shares of the capital stock of Bozarth Motor Sales, Inc., an Illinois corporation, entered into a written agreement with Dean Milani on December 22,1950, in which he agreed to sell to Milani and Milani agreed to buy said stock for $95,000, of which sum $80,000 was to be paid upon the execution of the contract and the balance was to be deposited in escrow. The contract also provided that the seller guaranteed the substantial correctness of cash sales account in the sum of $5,806.56 as shown in a…