MEMORANDUM OPINION AND ORDER
JOINER, District Judge.
This matter comes before the court on plaintiff's and defendant's cross-motions for summary judgment. The parties having fully briefed the issues and the court having heard oral argument, plaintiff's motion for summary judgment is granted.
FACTS
The material facts are undisputed. On April 1, 1984, Industrial Technology Institute of Ann Arbor ("ITI") purchased a $250,000 Blanket Travel...
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