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HUSTED v. FULLER

No. 15439.

361 F.2d 187 (1966)

William H. HUSTED, Plaintiff-Appellant, v. S. B. FULLER, Fuller Products Company and Boyer International Laboratories, Incorporated, Defendants-Appellees.

United States Court of Appeals Seventh Circuit.

May 26, 1966.

Attorney(s) appearing for the Case

Edward J. Kelly, John T. Coburn, Chicago, Ill., for plaintiff-appellant.

H. Ernest LaFontant, Stradford, LaFontant, Fisher & Corrigan, Chicago, Ill., for defendants-appellees.

Before HASTINGS, Chief Judge, and KNOCH and KILEY, Circuit Judges.

KNOCH, Circuit Judge.

The underlying facts in this law suit are largely undisputed. The plaintiff-appellant, William H. Husted, entered into an agreement to acquire most of the assets of Boyer International Laboratories, Incorporated, one of the defendants-appellees, for a sum in excess of $1 million. Pursuant to the agreement, the plaintiff paid $120,000 as earnest money which was to be forfeited as liquidated damages if...

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