C & W Manhattan Associates v. Lively

CLAYTON, Justice.

This is a suit for the recovery of damages for breach of an option contract between appellee, Gordon R. Lively, and appellant, C & W Manhattan Associates. In a non-jury trial, judgment was entered in favor of appellee in the sum of $106,250, plus prejudgment interest.

In September 1972, appellee, Lively, obtained from George Kelly an option to purchase a certain tract of land for the purchase price of $300,000. On February 14, 1973, appellant, Manhattan Associates, entered into an agreement with Lively whereby Manhattan Associates were granted “the exclusive right and option…