Watkins v. Paul

DONALDSON, Chief Justice.

Plaintiffs-appellants Arthur Donald and Florence R. Watkins brought this action for specific performance of a right to purchase under a “first refusal” provision contained in an “option agreement” entered into by the plaintiffs-appellants, as optionees, and the defendant Paul and his wife, as optionors.

The Paul-Watkins option agreement was executed on January 22, 1964, at which time the Pauls were the record owners of three contiguous tracts of land, designated and referred to in the agreement as “Tract I,” “Tract II,” and “Tract III.” (Tract III is not involved in…