Lauchly v. Shurley

This is a suit for specific performance of the terms of an option granted by appellant to appellee on December 1, 1950, whereby the appellee was permitted to purchase within ten days thereafter 370 acres of land for a total consideration of $10,500.00 payable $3,500.00 in cash and $7,000.00 in equal annual installments over a period of ten years. Appellant lived in the city of Jackson but owned over 600 acres of land in Amite County. His sister lived on the Amite County land and he spent considerable time there. In fact, he was in Amite County when the option was granted. The option obligated…