Sims v. Mayflower Apartments, Inc.

Eberhardt, Presiding Judge.

Mayflower Apartments, Inc. (hereinafter Mayflower) owned an apartment complex and H. A. Minor, its president and sole stockholder, indicated to a realtor, Thomas D. Sims, a desire on the part of the corporation to sell it. Mr. Sims approached C. L. Chandler, Jr., president of C. L. C.' Enterprises, Inc. (hereinafter CLC) with a view of selling it. Sporadic negotiations were had on the matter over a span of about four years, which finally resulted in a leasing of the apartments to CLC for a period of ten years, with an option for renewal or extension for an…