Associated Truck Lines, Inc. v. Baer

Defendants appeal from a decree for specific performance of an agreement which arose upon plaintiff’s exercise of an option for purchase of real estate, which option plaintiff says was absolute but defendants contend was conditioned upon optionors’ -willingness to sell.- ■

In. 1941 the real estate was used by plaintiff, a motor freight carrier, as its truck-line terminal, but was owned by a warehouse corporation affiliated with and partly owned by plaintiff. The warehouse corporation was in financial straits, needed financing, and had failed in efforts to negotiate a bank loan. The problem was…