Lawing v. Jaynes

BOBBITT, Chief Justice.

In the agreement of 9 March 1964 defendants Jaynes granted to plaintiffs an option to purchase the real property at a purchase price to be computed on the basis of $500.00 per acre, or fractional part thereof, as determined by a surveyor acceptable to both parties, and the additional sum of $9,000.00 for the dwelling. The agreement provided: “This option shall exist and continue for a period of Two Calendar Years from the 1st day of March, 1964, but no longer.”

In their agreement of 9 March 1964, defendants Jaynes also granted to plaintiffs an option to purchase the…