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CAMELLIA CLEANERS v. SIEGAL

No. 17534.

283 P.2d 1083 (1955)

CAMELLIA CLEANERS, Inc., a corporation, Plaintiff in Error, v. S. I. SIEGAL, doing business as Universal Investment Company, and J. Wein, assignee of S. I. Siegal, Defendant in Error.

Supreme Court of Colorado, En Banc.

May 23, 1955.

Attorney(s) appearing for the Case

David J. McKee, Denver, for plaintiff in error.

Davis & Lutz, Harold Potashnik, Fred W. Mattson, A. B. Mattson, Fred W. Mattson, Jr., Denver, for defendant in error.

HOLLAND, Justice.

Plaintiff in error, herein designated as plaintiff, on January 21, 1952, purchased for the sum of $30,000 all of the assets consisting of certain personal property and with leases on various premises from a copartnership conducting and operating a dry cleaning business. At the time of the transaction plaintiff borrowed a portion of the purchase money from defendant Siegal in the sum of $10,000 and executed a note and chattel mortgage therefor in...

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