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AM-CAL INVESTMENT CO. v. SHARLYN ESTATES, INC.

Docket No. 8299.

255 Cal.App.2d 526 (1967)

63 Cal. Rptr. 518

AM-CAL INVESTMENT CO., INC., Plaintiff and Respondent, v. SHARLYN ESTATES, INC., Defendant and Respondent; NEWELL E. FAIT, Defendant and Appellant.

Court of Appeals of California, Fourth District, Division Two.

October 30, 1967.

Attorney(s) appearing for the Case

Ball, Hunt, Hart & Brown, George A. Hart, Jr., and Frederic G. Marks for Defendant and Appellant.

Rutan & Tucker, Peter V. Shackter, Robert C. Todd and Richard A. Carnutt for Plaintiff and Respondent.

No appearance for Defendant and Respondent.

KERRIGAN, J.

On April 7, 1964, the plaintiff Am-Cal Investment Co., Inc., a California corporation, which is owned solely by its president Louis Weinberg, entered into a written agreement with the defendant Sharlyn Estates, Inc., a California corporation, wherein the plaintiff agreed to purchase, and the said defendant agreed to sell, 6.589 acres of raw land located on Tustin Avenue in the City of Orange, for the sum of $38,500 an acre, comprising a total purchase...

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