Webb v. Nelson

Opinion of the Court by

Chief Justice Logan

Affirming.

The appellees owned a half interest in a firm known as Sanitary Cleaners and Dyers, and another firm known as the West End Cleaners, both concerns located in Padncah, Ky. On July 16,1928, the appellant purchased that one-half interest and the contract of purchase was in writing. The agreed price was $5,000 with certain provisos. $3,000 was paid in cash, and $2,000 was to be paid at the end of one year provided the business should earn and produce over and above all expenses a net profit of $4,000 during the year. If it should not produce a…