Ligon v. Parr

CLAY, Commissioner.

In this suit appellants (hereinafter Ligón, referring to the senior member of the family) sought specific performance of a written option agreement to purchase all the stock of L & B Express, Inc. The Chancellor denied the relief principally on the ground that for want of adequate consideration the contract was lacking in mutuality.

On the trial a great deal of testimony was taken involving various transactions between the parties and others, much of which has nothing to do with the basic issue involved. The agreement sought to be enforced was between Ligon and appellee…