Beller & Gould v. Lisenby

Hill, Justice.

Beller & Gould, a partnership engaged in the real estate business, sued the Lisenbys for specific performance of a letter of intent to acquire a tract of real estate in Fulton County owned by the Lisenbys. Plaintiff contends that its letter, signed and accepted by the Lisenbys, constituted a legally enforceable contract under which plaintiff had an option to purchase the defendants’ property until November 15,1977, and that defendants breached the contract by refusing to convey the property after plaintiffs timely exercise of the option.

At trial, the defendants contested the…