Ansley v. Atlanta Suburbia Estates, Ltd.

Jordan, Justice.

The plaintiff corporation, Atlanta Suburbia Estates, sought specific performance of a written contract to buy land. The defendants, who are sellers or successors in interest, moved for summary judgment, and appeal the order of the trial judge overruling their motion, which he certified for direct appeal. Held:

The contract is one in which the buyer among other considerations agreed to (1) assume an outstanding loan of $500,000 from the Federal Land Bank of Columbia, S. C., (2) to purchase $25,000 of Federal Land Bank stock from the sellers, and (3) that the "Sellers shall be…