Vanderpool v. Higgs

Harman, C.J. Retired:

Here, seventeen shares of common stock in Westshore Estates, Inc. were placed in escrow pursuant to a written contract of sale made April 17,1973, which called for appellees-buyers to make 120 monthly payments of $226.42 to appellants-sellers for principal and interest. The contract authorized appellees to vote the seventeen shares so long as they were in full compliance with the terms of the agreement. The contract — scrivener unknown — further provided that “in the event second parties [appellees] shall default in the performance of this contract, first parties…