Vale v. Atlantic Coast & Inland Corp.

99 A.2d 396 (1953)

VALE

v.

ATLANTIC COAST & INLAND CORP. et al.

Civ. No. 50.

Court of Chancery of Delaware.

September 18, 1953.

Daniel J. Layton, Sr., Georgetown, and John W. Dickerson, Philadelphia, Pa., for plaintiff.

James M. Tunnell, Sr., of Tunnell & Tunnell, Georgetown, for defendants.

SEITZ, Chancellor.

The complaint seeks, alternatively, the specific performance of an agreement to give an option or the appointment of a liquidating receiver. This is the decision on the individual defendant's motion to dismiss and the plaintiff's motions for judgment on the pleadings or summary judgment.

Plaintiff,…