KELLY, J.
August 14, 1959, defendant entered into a written agreement with plaintiff to sell him her Dearborn, Michigan, bowling alley and bar, for the agreed price of $145,000.
Defendant later refused to consummate the deal, and plaintiff sought damages under paragraph 14 of the agreement, which provided:
"It is hereby agreed and understood between the parties hereto that if either party fails to comply with and complete the sale or purchase of this...
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