Bolick v. Townsend Co.

JOHNSON, Judge.

On or about 20 November 1983, plaintiffs and defendants James L. and Gañe T. Bunn entered into a written contract for the purchase of a parcel of land designated as Lot #7, Ludell Lane, Charlotte, North Carolina. Defendant Townsend Company was employed by the Bunns as the real estate company to sell their property. The plaintiffs intended to purchase the property for residential use.

On 21 November 1983, one day after the contract was signed, plaintiffs received a letter from the Townsend Company stating that a home could be built upon the lot in question because the property…