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KATES v. ELMORE SECURITIES COMPANY

119 A.2d 108 (1956)

John E. KATES and Elsie G. Kates, Plaintiffs, v. ELMORE SECURITIES COMPANY, a corporation of the State of Delaware, Defendant.

Court of Chancery of Delaware, New Castle.

January 5, 1956.

Attorney(s) appearing for the Case

John P. Sinclair of Berl, Potter & Anderson, Wilmington, for plaintiffs.

J. LaPenne Guenveur of Richards, Layton & Finger, Wilmington, for defendant.

SEITZ, Chancellor.

This is a decision on a complaint seeking specific performance of a real estate contract. The case was submitted on agreed facts.

Plaintiffs and defendant executed a contract whereby plaintiffs agreed to sell and defendant to buy a designated undeveloped piece of real estate in a property development known as Edgemoor Terrace. The contract provided that the property was being sold subject to certain covenants, restrictions and easements...

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