LEE BUILDERS v. WELLS


92 A.2d 710 (1952)

LEE BUILDERS, Inc. v. WELLS et al.

Court of Chancery of Delaware, New Castle.

November 26, 1952.


Attorney(s) appearing for the Case

Albert W. James and H. James Conaway, Jr. (of Hering, Morris, James & Hitchens), Wilmington, for plaintiff.

Daniel O. Hastings and Clarence W. Taylor (of Hastings, Stockly & Walz), Wilmington, for defendants.


BRAMHALL, Vice Chancellor.

On May 12, 1950, defendants and one J. Rowland Morgan entered into a written agreement for the sale by defendants to Morgan of parts of two lots with improvements in Elsmere, New Castle County, Delaware, defendants retaining a part of said lots for purposes hereinafter set forth.

The agreement provided, in substance: that the purchase price was to be $19,000, of which $1,000 was paid at the...

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