Paul Shearer v. Fred McArthur

IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE September 21, 2012 Session PAUL SHEARER ET AL. v. FRED MCARTHUR ET AL. Appeal from the Chancery Court for Marion County No. 7440 Jeffrey F. Stewart, Chancellor No. M2012-00584-COA-R3-CV - Filed November 5, 2012 This appeal involves an option contract under which the defendants agreed to buy a piece of property from the plaintiffs at any time. We find no error in the trial court’s determination that the option contract was supported by consideration, that the plaintiffs exercised the option within a reasonable time, and that the plaintiffs did…