s CONWAY, Plaintiff and you can Respondent, v. The brand new BUGHOUSE, INC., a ca corporation, and you will Dan Budnick, also known as Daniel E. Budnick, Offender and you can Appellant.
Decided: April 28, 1980
So it interest is actually regarding a judgment where respondent try issued installments due so you’re able to their pursuing the appellant’s price breach.
Offender and you may appellant Dan Budnick, and you will plaintiff’s assignor, Dalton Adams for every single previously had 50 % of offender Bughouse, Inc. a pals and this brought in and marketed s and Budnick joined into a composed agreement by which Adams transported their possession need for Bughouse, Inc. to Budnick. He subsequently accessible to spend Adams $forty,100 (and therefore sum is borrowed from the Budnick away from a bank in addition to loan protected by the Adams) inside the cash instantly, $step one,one hundred thousand four weeks so you can Adams for the rest of their lifetime and you can $500 per month so you’re able to Adams’ spouse, plaintiff Conway, is she survive Adams. Adams including provided to avoid getting into any business aggressive having Bughouse, Inc., and to build travel to your Orient at the Budnick’s consult. Budnick truly secured the latest money to help you Adams.
For the s. Defendants contend one since one time, Adams is actually no longer meeting their debt according to the offer.