JBM Investments, LLC v. Callahan Industries, Inc.

Adams, Judge.

JBM Investments, LLC appeals an order granting summary judgment in favor of Callahan Industries, Inc. and denying, its own motion in this case involving assignment of a contract to purchase land.

The record shows that on January 31, 2006, JBM entered into an agreement to purchase approximately 160 acres of land in Barrow County from SJC Development, LLC. The price was set at $45,000 per acre, and JBM paid earnest money of $50,000. The purchase agreement contains a contingency related to an attempt to rezone the property. If the property was not rezoned as specified by May 31,…