Vestal Lumber & Manufacturing Company v. Mabel Medill McMillan as of the Estate of A. Dale McMillan Deceased and Mabel Medill McMillan Individually

This case has been heard and considered on the oral arguments and printed briefs of attorneys for the contending parties and on the record in the case;

And it appearing that an option contract in writing of September 14, 1950, was entered into, whereby the appellant company acquired from the appellees the exclusive right and option to purchase, within a period of ninety days for a consideration of $115,000, certain timber standing on lands of the appellees;

And it appearing that, the appellant did not exercise its option in compliance with the terms of that document in such manner as to…