Elizabethtown Lincoln Mercury, Inc. v. Jones

Morris, Commissioner

Reversing.

On June 8, 1948, appellant sold appellee a 1949 Lincoln áutomobile at tbe invoice price of $3,759.72, and both signed a contract which, insofar as pertinent, provides :

“Whereas, said Purchaser*as a part of tbe consideration of said sale, has agreed with the Dealer not to sell or transfer tbe title of said automobile during tbe period of twelve months beginning with tbe date of this contract, except upon tbe terms and conditions herein set forth: * * * it is covenanted, agreed and understood * * * that tbe Purchaser will not sell said automobile or otherwise…