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PHILLIPS v. IGLEHART

No. 75-2703.

558 F.2d 737 (1977)

Walter PHILLIPS, Jr., Plaintiff-Appellee, v. Stewart B. IGLEHART et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

September 2, 1977.

Attorney(s) appearing for the Case

John S. Call, Jr., Wade R. Byrd, Palm Beach, Fla., for defendants-appellants.

Richard V. Neill, Fort Pierce, Fla., for plaintiff-appellee.

Before BROWN, Chief Judge, AINSWORTH, Circuit Judge, and JAMESON, District Judge.

BROWN, Chief Judge:

This diversity suit was instituted to determine the rights of the parties under a deed conveying 306.35, more or less, acres of land in St. Lucie County, Florida.

By deed dated March 12, 1959, Iglehart conveyed, subject to a repurchase option, the land to Phillips' father. The option stated that: "in the event the grantee herein desires to sell the property conveyed by this deed, together with improvements, if any, then said property shall...

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