Stockton v. Sowerwine

BROWN, Justice.

This appeal involves the question of an implied covenant of good faith in an option contract to repurchase certain real estate. The trial court found that appellant Mark L. Stockton (Stockton hereinafter) had exhibited bad faith in hindering appellee E.O. Sowerwine, III (Sowerwine hereinafter) in the exercise of his option to repurchase the land, and ordered specific performance of the contract.

Appellant Stockton raises the following issues:

“Where the Plaintiff was unable to obtain funds necessary to exercise an option within the time stated and in the manner prescribed,

“(1)…