Royal Realty Co. v. Harvey Investment Co.

TUTTLE, J., pro tem.

This is an action for the specific performance of a contract for the exchange of real property, made between II. IT. Helbush, assignor of plaintiffs, and defendant corporation, Harvey Investment Company. The contract consisted of a memorandum offer and acceptance. It provides for the exchange of a ranch at Paso Robies (belonging to plaintiff York Realty Com pany) for two pieces of business property in the city of Los Angeles, belonging to defendant Harvey Investment Company. The said ranch was to be included in the transaction, subject to a $40,000 mortgage, due one year…