CAMPBELL INNS v. BANHOLZER, TURNURE & CO.

No. 84-230.

527 A.2d 1142 (1987)

CAMPBELL INNS, INC. and Theodore L. Campbell v. BANHOLZER, TURNURE & CO., INC.

Supreme Court of Vermont.

February 13, 1987.


Attorney(s) appearing for the Case

John T. Sartore and William E. Roper of Paul, Frank & Collins, Inc., Burlington, for plaintiffs-appellees.

Leslie C. Pratt and C. Douglas McMahon of Paterson, Walke & Pratt, P.C., Montpelier, for defendant-appellant.

Before ALLEN, C.J., HILL, PECK and GIBSON, JJ., and BARNEY, C.J. (Ret.), Specially Assigned.


ALLEN, Chief Justice.

Defendant appeals from an injunction decreeing specific performance of a subordination clause contained in a purchase and sale agreement entered into by the parties. We affirm.

Plaintiffs purchased an inn and surrounding property from the defendant in December, 1982. Defendant financed part of the purchase price by accepting two promissory notes from the plaintiffs, secured by a mortgage covering the real estate. The purchase and sale...

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