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TRIPLE E DEVELOPMENT CO. v. FLORIDAGOLD CITRUS CORP.

51 So.2d 435 (1951)

TRIPLE E DEVELOPMENT CO. v. FLORIDAGOLD CITRUS CORP.

Supreme Court of Florida, en Banc.

Rehearing Denied April 7, 1951.

Attorney(s) appearing for the Case

Chester H. Ferguson, of Macfarlane, and Ferguson, Allison & Kelly, Tampa, for petitioner.

W.H. Hamilton, H. Gunter Stephenson, Jack Straughn, all of Winter Haven, and Mabry, Reaves, Carlton, Anderson, Fields & Ward, Tampa, for respondent.

CHAPMAN, Justice.

On July 25, 1949, the Floridagold Citrus Corporation owned real and personal property (consisting largely of citrus groves) located in Polk, Brevard and Lake Counties and on the aforesaid date executed a contract to sell said property to the Triple E Development Company for the total sum of $2,048,000.00. The sum of $100,000.00 was paid by the Triple E Development Company to the Floridagold Citrus Corporation at the time the contract of sale was...

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