Oliver v. Wyatt

STEINFELD, Judge.

This is an action to quiet title to land and for specific performance. It involves a controversy over the validity of a writing entitled “OPTION”.

Maggie Wyatt, whom we will refer to as Wyatt, was the owner of a 51.09 acre tract of land in Laurel County. William L. Oliver, whom we will refer to as Oliver, is a dealer in real estate. After some preliminary negotiations Oliver prepared a writing which he presented to Wyatt. Among other things, it provided that “ * * * in consideration of Five Hundred and no/100 Dollars ($500.00) (hereinafter referred to as the ‘Downpayment’) * *…