DEVITT v. QUIRK

Docket No. 47545.

105 Mich. App. 94 (1981)

306 N.W.2d 405

DEVITT v. QUIRK

Michigan Court of Appeals.

Decided April 7, 1981.


Attorney(s) appearing for the Case

Larry L. Carl, for plaintiffs.

John L. Rise, for defendants Quirk.

Braun, Kendrick, Finkbeiner, Schafer & Murphy (by Kenneth W. Kable), for defendants Zuehlke.

Before: N.J. KAUFMAN, P.J., and CYNAR and J.E. TOWNSEND, JJ.


J.E. TOWNSEND, J.

This dispute arose in connection with the sale and resale of a ceramics business.

On October 13, 1973, defendants Quirk purchased a ceramics business from plaintiffs Devitt for the sum of $55,000. Plaintiffs sold the assets of the business known as "Clay and Play", including molds, equipment, fixtures and inventory, receiving $10,000 in cash and a promissory note in the amount of $45,000.

In December, 1975, defendants Quirk sold most...

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