L. Gregg Ivey, Inc. v. Land

Shulman, Judge.

In June, 1973, appellant corporation executed two promissory notes for $10,000, one to each appellee herein. The first clause of each of the notes reads as follows: "For value received, L. Gregg Ivey, Inc. promises to pay to the order of [appellee] the principal sum of Ten Thousand and No/100 ($10,000.00) Dollars, in legal tender of the United States, to be due and payable in [sic] the date of the closing of the sale of the thirtieth (30th) lot of Whisper Wood Subdivision (i.e., at such time as the 30th of the 32 lots have been sold).” In April, 1977, appellees filed separate…