Smith v. Morton

Opinion

ELKINGTON, J.

Plaintiff Pearl B. Smith and defendant administratrix’ deceased Virgil P. Bohannan were the owners as joint tenants of a parcel of real property. They entered into a written agreement dated September 19, 1966, entitled “Option for Sale and Purchase of Real Property.” The agreement recited that $1,500 having been paid therefor, Bohannon granted to Smith “an option to purchase the [subject] real property" on terms and conditions therein stated.

We set forth the substance of the agreement’s terms and conditions as relevant to the issue of this appeal.

Paragraph 1, entitled…