Seal v. First Bank & Trust Company

Pope, Judge.

Breach of contract. In 1978 Curtiss R. Seal entered into a contract with First Bank & Trust Co. (hereinafter “Bank”) wherein he agreed to purchase one described lot of land. This same contract contained an option to purchase seven additional lots; the option was for a period of one year ending on February 28,1979. On February 24, 1979 Seal delivered a letter to the Bank declaring his intention to exercise the option. On June 21, 1979 Seal and the Bank closed on five of the seven lots. As to the other two lots, the parties executed a document entitled “Option to Purchase Real…