D-K Investment Corp. v. Sutter

Opinion

COUGHLIN, Acting P. J.

Plaintiffs and defendants, respectively, appeal from parts of a judgment in an action for specific performance. Defendants also appeal from an order denying their motion to- set aside the judgment pursuant to Code of Civil Procedure section 663.

In March 1965 Lachula Land Investors sold six acres of land to defendant Sutter for $160,000. It was the intention of the parties the purchaser was to develop the land as a shopping center which would enhance the value of contiguous property owned by the seller. The parties agreed Sutter would grant an option to nominees of…