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ROOKS v. SHADER

No. 79-1201/T4-575.

384 So.2d 681 (1980)

L.R. ROOKS, a/K/a Leroy Rooks, Appellant, v. Charles A. SHADER, Joseph F. Redoutey, John G. Pierce et al., Appellees.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied June 16, 1980.

Attorney(s) appearing for the Case

S.G. Green, Orlando, for appellant.

J. Sam Owens, Jr. of Fishback, Davis, Dominick & Bennett, Orlando, for appellee Charles A. Shader.

John G. Pierce, Orlando, for appellees Joseph F. Redoutey and John G. Pierce.

COBB, Judge.

On September 8, 1972, Rooks entered into a contract to sell certain real property to Lobo Golf Corporation. The sale price was part cash and part stock of Lobo Golf Corporation. The contract contained the following special clause:

(d) Seller shall have the option to require Buyer to repurchase all of such shares during a six (6) month period beginning two years after closing of this purchase, at Ten Dollars ($10.00) per share. In the event Buyer...

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