Michigan Supreme Court January 5, 1897 (Lansing Iron & Engine Works v. Wilbur)

Long, C. J.

December 12, 1891, George P. Booth and Randall T. Van Vaulkenburg, who were stockholders in the Belding Chemical Fire Engine Company, entered into a land contract and agreement with the Belding Land & Improvement Company of Belding for the purchase of certain lots. It was agreed:

First. That Booth and Van Vaulkenburg should have immediate possession.

Second.