Laketate, Inc. v. Cleghon

STEAGALL, Justice.

This case involves a cross-claim severed from the main action. Cross-defendant, Laketate, Inc., appeals from an order issued by the Circuit Court of Talladega, Alabama, in favor of the cross-claimants, John K. Cleghon and Betty F. Cleghon, for specific performance of an alleged real estate sales contract.

The Cleghons owned a lot and house adjacent to Lake Tate Subdivision, located in Talladega County, Alabama. Laketate, Inc., was a corporation made up of lot owners of Lake Tate Subdivision. To purchase a lot within Lake Tate Subdivision required approval by the shareholders…