Stephens Co. v. . Homes Co.

Controversy without action, heard upon the following agreed statement of facts:

"1. That both plaintiff and defendant are corporations organized and existing under the laws of the State of North Carolina, with their principal offices in Charlotte, N.C.

"2. That the defendant, the Myers Park Homes Company, hereinafter called the Homes Company for convenience, entered into a certain written contract with the plaintiff, the Stephens Company, to purchase from the latter a certain lot of land, hereinafter fully described, in the suburb of the city of Charlotte, known as Myers Park, a real estate…