Plaintiffs entered into a written contract dated July 18, 1973 to purchase over 99% of the defendants' subsidiary company, Insco, which was engaged in the insurance business. Closing was set for August 17, 1973 and a payment of $100,000 was made against the total purchase price. The defendants then moved the office and employees of Insco into premises leased by the plaintiffs. The plaintiffs contend that the parties
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