[Download] "Graustein v. Dolan Et Al." by Supreme Court of Minnesota ~ Book PDF Kindle ePub Free
eBook details
- Title: Graustein v. Dolan Et Al.
- Author : Supreme Court of Minnesota
- Release Date : January 14, 1933
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
LUMMUS, Justice. The Maple Farm Milk Company, a Massachusetts corporation, on September 1, 1927, sold all its assets, except accounts receivable and choses in action, to H. P. Hood & Sons, Inc. for the price of $22,200. As a part of the transaction the plaintiff discharged a chattel mortgage held by him upon some of the assets. The Maple Farm Milk Company (the seller) and the plaintiff as mortgagee agreed in writing with the buyer on the same day that the entire price might remain in the hands of the defendant Dolan for fifteen days for the purpose of making adjustments in favor of the buyer for property bought that might fail of delivery. At the same time another instrument was signed by the seller, the buyer, and the defendant Dolan, whereby the seller agreed to deposit $2,000 with the defendant Dolan to enable him to pay the conditional vendors of certain trucks included in the sale. At the same time, also, the seller assigned to the plaintiff all its accounts receivable and choses in action, and the trial Judge ruled that the assignment included its claim for the purchase price of the sale.
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