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SWAIN v. KAYKO

Docket No. 8430.

44 Mich. App. 496 (1973)

205 N.W.2d 621

SWAIN v. KAYKO.

Michigan Court of Appeals.

Decided February 20, 1973.

Attorney(s) appearing for the Case

Calvin Klyman, for plaintiff.

James E. Wells, for defendants.

Before: J.H. GILLIS, P.J., and LEVIN and McGREGOR, JJ.

McGREGOR, J.

Plaintiff, the sole stockholder and originator of Swain Industries, Inc., wished to relinquish control of the business to William F. Kayko, the plant manager. James E. Wells, attorney and codefendant, drafted the documents effectuating the transfer and is counsel for the defendants.

Two documents were drawn on July 30, 1968. The first, an "Agreement of Sale and Conditional Contract", concerned the...

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