McClure Ins. Agency v. Hudson

This is a suit by the appellant for specific performance of an option to buy.the appellee’s home in downtown Malvern. The chancellor dismissed the complaint, finding that the option could be exercised, only by the United States of America for the purpose of acquiring the property as a site for a post office.

The appellant, an incorporated insurance agency, also engages in the real estate business under the trade name McClure Heal Estate. In 1962 McClure Real Estate obtained options upon four contiguous tracts, including the appellee’s property, for the purpose of offering them as a unit to the…