Four Oaks Homes, Inc. v. Smith

Carley, Judge.

In February, 1977, appellant and appellee entered into a contract which obligated appellant to sell appellee a particular lot in a subdivision and to build a house thereon according to specified plans. At appellee’s request, the contract was made contingent on appellee securing a buyer for the house he then owned. Appellee placed his house with a real estate agent for sale and made preparations for securing a construction loan. However, before appellee’s house was sold or the loan finalized, appellant notified appellee that the lot had been sold to another and appellee’s…