Ouachita Trek & Development Co. v. Rowe

TOM Glaze, Justice.

This appeal arises from a Garland County tice. dismissal of a lawsuit between Ouachita Trek and Development Company (“OTDC”) and Lynn and Martha Rowe. The chancellor had originally granted specific performance in favor of OTDC, but after a series of attempts to close on the property failed, she dismissed OTDC’s suit. For the reasons set out herein, we affirm.

In May of 1992, OTDC and the Rowes entered into an option agreement which provided for the sale of land on Blakely Mountain in Garland County owned by the Rowes in three forty-acre tracts of land, that the Rowes had not…