Jonesboro Investment Corp. v. Cherry

Sam Robinson, Associate Justice.

This is a suit for specific performance filed by appellants, Jonesboro Investment Corporation and M. Gr. Spurlock, against appellees, James C. Cherry and his wife, Frances D. Cherry. The plaintiffs, appellants here, allege in the complaint that appellees offered to sell and convey a 2,400 acre plantation and equipment thereon to appellants for the consideration of $900,000; that appellants closed the contract by accepting the offer; that appellees breached the contract by refusing to convey the property. Appellees, Mr. & Mrs. Cherry, the property owners,…