TST, LTD. v. Houston

Weltner, Justice.

TST, Ltd., Inc. paid $12,000 for an option to purchase a tract of land owned by Houston. The contract provided, in essence, that the option to purchase must be exercised by concluding the land transfer “between January 1, 1985 and January 30,1985 at a time and place in Atlanta, Georgia, designated by Purchaser to Seller at least five (5) days prior to the Closing Date.” Another provision required that any notices required to be given must be in writing. TST gave no written notice as to a closing time, place, and date pursuant to the agreement. Rather, on the evening of…