Harbeson v. Jackson Land Co.

RAWLS, Judge.

Appellant-plaintiffs, who will sometimes be referred to as the Harbesons, filed their complaint praying for specific performance on the part of appellee-defendant Jackson Land Company, a Florida Corporation, which had contracted to purchase certain shares of capital stock of Pensacola Hotel Company, a Florida Corporation. From the Chancellor’s order dismissing the complaint, plaintiffs have appealed.

The Harbesons pose two points on this appeal, viz.:

1. Whether the sellers of stock (the Harbesons) in this closely held corporation (Pensacola Hotel Company) are entitled to specific…