WALLACE v. SMITH

No. 34683.

205 Okla. 557 (1951)

240 P.2d 799

WALLACE et al. v. SMITH.

Supreme Court of Oklahoma.

December 11, 1951.


Attorney(s) appearing for the Case

Walter Billingsley and Allen G. Nichols, Wewoka, and Ned Looney, Oklahoma City, for plaintiffs in error.

Charles E. Grounds and E. Keith Cooper, Seminole, for defendant in error.


CORN, J.

Defendants owned and operated the Nuway Cleaners in Maud, Oklahoma. In March, 1949, plaintiff began negotiations relative to purchase of the business, including the real property where the establishment was located. The negotiations culminated March 12, 1949, in the execution of a contract to purchase, by the terms of which plaintiff agreed to pay $2,000 in cash, execute notes secured by a mortgage for $5,500, bearing...

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