(DOWNLOAD) "Stika v. Albion" by Arizona Court of Appeals # Book PDF Kindle ePub Free
eBook details
- Title: Stika v. Albion
- Author : Arizona Court of Appeals
- Release Date : January 22, 1986
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 49 KB
Description
The relevant facts and agreements are undisputed. On May 29, 1982, Albion signed an open listing agreement with Stika for the sale of a cocktail lounge business. Stikas commission was to be any amount offered over $65,000 or 12%, whichever was greater. The business consisted of a number 6 liquor license, furniture and equipment. The listing agreement also provided for a 15-year lease on the building from Albion at $2,400 per month. The agreement thus did not relate exclusively to purchasing the liquor license, furniture and equipment. Instead, purchasing these items was to be part of a larger transaction including leasing the building as it then stood. Nothing in the listing agreement suggests purchasing the business assets could occur separate and apart from leasing the building as well.