Gropp v. Perkins

Opinion op the Court by

William Rogers Clay, Commissioner —

Affirming.

For several years prior to the date of the contract hereinafter mentioned, appellant, P. C. Gropp, and his brothers, A. H. Gropp and Joseph Gropp, were engaged in the retail shoe business in the city of Owensboro, and had built np a prosperous business. On December 10, 1906, they sold their business, stock of goods, etc., to T. B. Sanders and appellee, J. E. Perkins. The contract provided for a cash payment of $10,000, and for the execution of notes for the balance of the value of the goods as shown by invoice. The goods were…