HADDOX v. FIRST ALABAMA BANK OF MONTGOMERY

82-1150.

449 So.2d 1226 (1984)

Wendell L. HADDOX and Illa V. Haddox v. FIRST ALABAMA BANK OF MONTGOMERY, N.A.

Supreme Court of Alabama.

Rehearing Denied April 20, 1984.


Attorney(s) appearing for the Case

Fred K. Granade of Stone, Partin, Granade & Crosby, Bay Minette, for appellants.

J. Connor Owens, Jr. of Owens & Simpson, Bay Minette, for appellee.


MADDOX, Justice.

This case involves the grant of a directed verdict by the trial court.

Wendell and Illa Haddox (sellers), as owners of certain real property located in Baldwin County, Alabama, known as the Terry Cove Marina, negotiated with Cecil L. and Margaret Ann Murphy (purchasers), for the sale of the marina. A sales contract, signed on June 15, 1978, called for a sales price of $650,000, with the purchasers paying $190,000 at closing and sellers financing...

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