R. A. B. Realty, Inc. v. Serabian

This is an action for specific performance of an option agreement involving certain land in the town of Johnston. The case was heard before a justice of the Superior Court sitting without a jury and resulted in a judgment for the defendants. The case is here on the plaintiff’s appeal.

On June 11, 1970, plaintiff corporation, by its president, Robert A. Barbato, and defendant, Nishan Serabian (hereinafter sometimes referred to as defendant), executed a 45-day option agreement wherein the latter offered to sell to plaintiff a tract of land in Johnston for the sum of $33,500. The option agreement…