WILKIE, C. J.
This appeal involves an agreement between the defendant-appellant, Harold Losinske, and the plaintiff-respondent, Variance, Inc., "to sell, convey, and transfer" a liquor license in the city of Berlin, Wisconsin.
In the fall of 1972, Losinske, holder of a Berlin liquor license, entered into this agreement whereunder the plaintiff agreed to pay $1,500 "upon acceptance by the City Council of the buyer's (Variance) application for said license....
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