Anderson v. Armstrong

CARTER, Judge.

This is an action in equity seeking specific performance of an alleged contract for the sale of the vendee’s interest in three real estate contracts. The plaintiff is the Insurance Commissioner, acting as receiver of an insolvent insurance company which owned the interest in real estate with which we are concerned.1 The defendant is an individual who submitted a written offer to the receiver to purchase the vendee’s interest in these land contracts for the sum of $14,875. The trial court dismissed the action as a result of a finding that, prior to any acceptance of defendant’s…