Cobbs Land Co. v. Colonial Hill Co.

(After stating the foregoing facts.)

We do not think that the auditor properly construed the sixth paragraph of the contract; and the court did. not err in sustaining the plaintiff’s exception to his seventh finding of law. Allen and Davidson agreed that they would sell, before March 1, 1913, such an amount of the land as would net the owner, “in cash or notes,” the sum of $50,000, and that they would sell, between March 1, 1913, and March 1, 1914, such an additional amount of this land as would net the owner, “in cash and notes, the balance of the purchase-money it is entitled to receive…