American Housing Resources, Inc. v. Slaughter

ROBERTSON, Justice.

This is an appeal from a judgment directing specific performance of two agreements to place funds in an escrow account. As an inducement for the contributions of appel-lees Elbert R. Slaughter, Jr. and Richard E. Slaughter to the capital of two limited partnerships, appellants American Housing Resources, Inc., American Multi-Family Housing Company, Inc., American Community Corporation, and Robert S. Coit entered into agreements with the Slaughters to indemnify the Slaughters, upon certain conditions, if their tax deductions for the year 1972 resulting from their…