Legal Opinion
Allen v. Storie
Supreme Court of Alabama
Decided April 5, 1991No. 1900248PublishedCited by 11 opinions
1Opinion of the Court
On April 30, 1987, Leonard Storie entered into a "Real Estate Purchase Option Agreement" with John C. Allen that involved a parcel of real estate in Madison County. Storie and Allen also entered into a mortgage agreement, involving the same parcel of property, that provided for a mortgage note in the principal sum of $165,000 and that required Allen to pay monthly installments of $1,750 to Storie on the first of each month until the note was "paid."1
The option agreement provided that Storie could exercise his option to purchase the property upon the happening of either one of two events.…
2Cases cited6 opinions
- Bass v. SOUTHTRUST BANK OF BALDWIN CTY.Supreme Court of Alabama · 1989
- Hanners v. Balfour Guthrie, Inc.Supreme Court of Alabama · 1990
- Stringfellow Materials, Inc. v. LeeSupreme Court of Alabama · 1983
- Henderson v. WinklerSupreme Court of Alabama · 1984
- COLONIAL BAKING CO. OF ALA. v. Pine Dale, Inc.Supreme Court of Alabama · 1983
1 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Wilson v. TengSupreme Court of Alabama · 2000
- Sharpe v. Wells Fargo Home Mortgage (In Re Sharpe)United States Bankruptcy Court, N.D. Alabama · 2010
- Ex Parte Keelboat Concepts, Inc.Supreme Court of Alabama · 2005
- Hicks v. DunnSupreme Court of Alabama · 1993
- Webster v. AustCourt of Civil Appeals of Alabama · 1993
6 more not listed; retrieve them via the Exa API.