Shackelford v. Latchum

LEAHY, District Judge.

This controversy results from the conflict in the interpretation of a written agreement dated October 21, 1939, between Edwin H. Thomas and plaintiff. Thomas, who owned the property known as No. 1102 Hopeton Road, in Wilmington, Delaware, and plaintiff discussed the sale of the property. Thomas’ asking price was $38,000. Plaintiff valued it at between $25,000 and $30,000. Both of them were of the opinion that the common stock of U. S. Steel which was then selling at approximately $76 a share, would increase in value. The agreement which was entered into on October 21,…