Bishop v. Benson

Cureton, Judge:

Respondent — Bishop commenced this action against Appellant — Benson for specific performance of an option contract. The trial judge granted summary judgment as to liability on Bishop’s first cause of action. Benson appeals. We reverse.

The parties own the stock of Benson-Bishop Pontiac Buick GMC, Inc. The corporation is a General Motors automobile dealership incorporated in 1981 by Benson and Bishop. Benson is the owner of 75 percent of the outstanding stock and Bishop owns the remainder of the corporation’s stock. In December 1981, the parties entered into an agreement whereby…