Pritchett v. Dodd

Felton, Chief Judge.

1. “The unconditional notice by the holder of a written option to purchase land, which is supported by a valuable consideration, to the other party, that he has elected to purchase the property at the price and upon the terms stated in the option contract, converts the option contract into a contract of sale which is enforceable by the optionee against the optionor. The option, optionor, and optionee are metamorphosed into a contract of sale, vendor, and vendee.” Chatham Amusement Co. v. Perry, 216 Ga. 445, 446 (2) (117 SE2d 320), and cit.

2. “An option to purchase can be…