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LAWING v. JAYNES

No. 79.

206 S.E.2d 162 (1974)

285 N.C. 418

Ernest LAWING and wife, Jenny Lee Lawing v. Arthur JAYNES and wife, Edith Jaynes. Ernest LAWING and wife, Jenny Lee Lawing v. John C. McLEAN and wife, Kathleen H. McLean.

Supreme Court of North Carolina.

July 1, 1974.

Attorney(s) appearing for the Case

Bennett, Kelly & Cagle, P. A. by E. Glenn Kelly, Asheville, for plaintiffs-appellants.

Prince, Youngblood & Massagee by Kenneth R. Youngblood and Boyd B. Massagee, Jr., Hendersonville, for defendants-appellees.

BOBBITT, Chief Justice.

In the agreement of 9 March 1964 defendants Jaynes granted to plaintiffs an option to purchase the real property at a purchase price to be computed on the basis of $500.00 per acre, or fractional part thereof, as determined by a surveyor acceptable to both parties, and the additional sum of $9,000.00 for the dwelling. The agreement provided: "This option shall exist and continue for a period of TWO CALENDAR YEARS from the 1st day of March,...

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