Michigan Supreme Court June 30, 1941, Docket No. 45, Calendar No. 41,324. (Marvin v. Solventol Chemical Products, Inc.)

Sharpe, C. J.

This is an action for the specific performance of a written contract. The facts are not in dispute. In March, 1940, plaintiff and defendant corporation entered into a contract, the substance of which was that plaintiff agreed to pay the sum of $34,000 in cash to defendant company for $40,000 face value of defendant’s five-year convertible bonds together with option to purchase