Home Development Co. v. Arthur Jordan Land Co.

The appellee was the owner of some'vacant lots in the city of Indianapolis. The appellant was a contractor engaged in the erection of houses. The appellant was desirous of erecting houses upon appellee’s vacant lots and appellee desired to have them erected, expecting thereby to accelerate the sale of its lots. On March 18, 1926, for the purpose of accomplishing their mutual aims, appellant and appellee entered into a written contract. This action involves a determination of the respective rights of the parties under that contract.

Its terms insofar as it is necessary to set them out for the…