Farwell v. Johnson

On August 1, 1919, plaintiff sold and delivered to John D. Lapham and Dennis C. Sawyer, as copartners doing business as Lapham & Sawyer, a stock of merchandise and fixtures situate in a store building in Rushford, N. Y., in consideration of the sum of $12,500, $2,000 of which was then paid, $10,500 to be paid in the future, represented by Lapham & Sawyer’s promissory note payable to the order of the plaintiff, and in the further consideration that Lapham & Sawyer should procure such property to be insured against loss by fire payable to the plaintiff as his interest might appear at the time…