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YOUNGBLOOD v. ROSEDALE DEVELOPMENT CO.

No. 39,939-CA.

911 So.2d 418 (2005)

Ray Oden YOUNGBLOOD, James Dee Youngblood, III, and Mary Anne Youngblood Shemwell, Plaintiffs-Appellants v. ROSEDALE DEVELOPMENT COMPANY, L.L.C., Defendant-Appellee.

Court of Appeal of Louisiana, Second Circuit.

September 21, 2005.

Attorney(s) appearing for the Case

J. Ransdell Keene, for Appellants.

Blanchard, Walker, O'Quinn and Roberts, by Paul M. Adkins, Shreveport, for Appellee.

Before BROWN, DREW, and LOLLEY, JJ.

BROWN, C.J.

Plaintiffs, Ray Oden Youngblood, James Dee Youngblood, III, and Mary Anne Youngblood Shemwell, filed this lawsuit for a declaratory judgment. Rosedale Development Company, LLC ("Rosedale"), was named as defendant. Defendant's predecessors purchased 15 acres out of an undeveloped 363-acre tract from plaintiffs. An option to purchase the remaining acreage provided a three-year term and that "a partial exercise (of at least 12 acres) or any subsequent partial...

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