Tiffany Development Corporation v. Cangelosi

PEDEN, Justice.

Appeal from the granting of a summary judgment in favor of the defendants, owners of a 24.189 acre tract of land. Plaintiff, Tiffany Development Corp., held an option to buy the tract and brought this suit to reform the written option agreements (the original one had been extended several times) “to permit Plaintiff adequate time to close their financing agreements upon the Defendants’ tender of marketable title” and for general relief.

Plaintiff-appellant alleged in its pleadings that it gave the defendants “notice of exercise of said option . . . and the parties agreed to…