Summary
upholding order granting specific performance of stock-purchase option agreement
Summary of this case from Wright v. Howard Univ.Opinion
No. 10699.
Argued January 12, 1951.
Decided February 8, 1951.
Marcus Borchardt, Washington, D.C., for appellants.
James M. Earnest, Washington, D.C., with whom J. Strouse Campbell, Washington, D.C., was on the brief, for appellees.
Before PROCTOR, BAZELON, and WASHINGTON, Circuit Judges.
This is an appeal from a final judgment of the United States District Court for the District of Columbia, decreeing specific performance against the vendor under an agreement granting an option for the purchase of stock in a closely-held corporation. We consider that the findings of fact of the trial court are supported by the evidence, and that the conditions of exercise of the option were met on a timely and adequate basis. Grice v. Jones, 33 App.D.C. 278; 3 Pomeroy's Equity Jurisprudence (5th ed.) § 965. As we find no prejudicial error in the record, the judgment of the District Court will be affirmed.