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Legal Opinion

Johnson v. Jagermoore-Estes Properties

Supreme Court of Alabama

Decided September 21, 1984No. 83-145PublishedCited by 8 opinions

1Opinion of the Court

This is a suit seeking rescission of an option contract for the purchase of certain improved realty, including 342 apartment units.

On February 27, 1980, James T. Parsons, John B. Johnson, James A. King, Jr., and Hardie Meade, Jr. (purchasers) entered into an agreement with Jagermoore-Estes Properties and others (sellers) which provided in pertinent part as follows:

"OPTION AGREEMENT
"In consideration of the sum of $100,000.00 the receipt of which is hereby acknowledged, we Jagermoore-Estes Properties, a partnership; Hale and Associates, a partnership; Glenn F. Till and Ellis H. Till, Jr.…

2Cases cited5 opinions

  1. General Elec. Credit Corp. v. Strickland Div. of Rebel Lumber Co.Supreme Court of Alabama · 1983
  2. John Deere Indus. Equipment Co. v. KellerSupreme Court of Alabama · 1983
  3. Stone v. WalkerSupreme Court of Alabama · 1917
  4. Alabama Football, Inc. v. StablerSupreme Court of Alabama · 1975
  5. Bienville Mortgage Corporation v. MayoSupreme Court of Alabama · 1971

3Cited by8 opinions

  1. Ikner v. MillerSupreme Court of Alabama · 1985
  2. David Lee Boykin Family Trust v. BoykinCourt of Civil Appeals of Alabama · 1995
  3. Green v. HemmertCourt of Civil Appeals of Alabama · 1997
  4. Osborne v. CromeansSupreme Court of Alabama · 1987
  5. Dutton v. MarshallCourt of Civil Appeals of Alabama · 1998

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