Dixon v. Process Corp.

"The scenario from which this appeal arises is intricate, ofttimes confusing and, yet, probably typical of many present-day land transactions.” So said Chief Judge Gilbert in an earlier appeal to this Court which involved the same parties. 1 Unfortunately, in the interim since the parties last appeared before us, the situation has become even more confusing.

The appellee in the present case, The Process Corporation (TPC), was incorporated in April of 1972 for the purpose of engaging in land development. TPC was one of a number of independent subsidiaries of the parent corporation known as…