Yadusky v. Shugars

Opinion by

Mr. Justice Walling,

In 1920, William B. Shugars, Leopold E. Schimpf and F. J. Helfreigel, being owners of all the stock of the Liberty Brewing Company, of Tamaqua, Pennsylvania, sold it to Martin Yadusky et al., plaintiffs herein. The agreement of sale contained, inter alia, provisions as follows: “The parties of the first part [Shugars et al.] agree that other than the first mortgage now owned by the Miners Realty Co. and the second mortgage bonds outstanding there are no debts owing by the Liberty Brewing Co. and if any other debts be found that have been incurred by the Liberty…