Lowcountry Open Land Trust v. Charleston Southern University

Charleston Southern University (the University) and Low-country Open Land Trust (Buyer) entered into a contract for the sale and purchase, respectively, of real property in Dorchester County, South Carolina. The University is the principal, but not sole, owner of the real property. The University attempted to terminate the contract, resulting in an action by Buyer for specific performance. The master-in-equity rescinded the University’s purported termination of the contract and ordered the parties to renegotiate their contract and enter into a “written extension agreement.” The purpose of the…