Indiana & Arkansas Lumber & Manufacturing Co. v. Pharr
Supreme Court of Arkansas
Appeal from Cee Chancery Court ,^dward D. Robertson, Chancellor; STATEMENT BY THE COURT. This suit is by appellant against appellees to have the title to certain lands in Lee County vested in appellant under the following contract: “Memphis, Tenn., May 29, 1905. “Received of Indiana & Arkansas Lumber & Manufacturing Company the sum of one hundred dollars as earnest money and part payment for the following described property, á warranty deed to be furnished as soon as title…
Read the full summary
Appeal from Cee Chancery Court ,^dward D. Robertson, Chancellor; STATEMENT BY THE COURT. This suit is by appellant against appellees to have the title to certain lands in Lee County vested in appellant under the following contract: “Memphis, Tenn., May 29, 1905. “Received of Indiana & Arkansas Lumber & Manufacturing Company the sum of one hundred dollars as earnest money and part payment for the following described property, á warranty deed to be furnished as soon as title is examined, which is guarantied perfect: “All section 31, T. 3 N., R. 4 E., S. Y* 30, T. 3 N., R. 4 E., E. Y* 2(5- 3 N.,…
1Opinion of the Court
Wood, J.,
(after stating the facts.) 1. The Supreme Court of Georgia in Black v. Maddox, 104 Ga. 157, defines an option as follows: “The obligation by which one binds himself to sell, and makes it discretionary with the other party to buy, which is simply a contract by which the owner of property agrees with another person that he shall have a right to buy the property at a fixed price within a certain time.” We approved this definition in the recent case of Bonanza Mining & Smelting Company v. Ware, 78 Ark. 306. See Ide v. Leiser, 24 Am. St. Rep. 17; 21 Am. & Eng. Enc. Law (2 Ed.), 924.
The…
2Cases cited3 opinions
- Black v. MaddoxSupreme Court of Georgia · 1898
- Kelsey v. CrowtherSupreme Court of the United States · 1896
- Bonanza Mining & Smelter Co. v. WareSupreme Court of Arkansas · 1906
3Cited by15 opinions
- Adams v. HughesCourt of Appeals of Texas · 1911
- Ashcraft v. TuckerSupreme Court of Arkansas · 1918
- Berry v. CrawfordSupreme Court of Arkansas · 1963
- Zearing v. Crawford, McGregor & Camby Co.Supreme Court of Arkansas · 1912
- Hogan v. RichardsonSupreme Court of Arkansas · 1924
10 more not listed; retrieve them via the Exa API.