(Download) "Triple E Development Co. v. Floridagold Citrus Corp." by En Banc. Supreme Court of Florida ~ Book PDF Kindle ePub Free
eBook details
- Title: Triple E Development Co. v. Floridagold Citrus Corp.
- Author : En Banc. Supreme Court of Florida
- Release Date : January 23, 1951
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
On July 25, 1949, the Floridagold Citrus Corporation owned real and personal property (consisting largely of citrus groves) located in Polk, Brevard and Lake Counties and on the aforesaid date executed a contract to sell said property to the Triple E Development Company for the total sum of $2,048,000.00. The sum of $100,000.00 was paid by the Triple E Development Company to the Floridagold Citrus Corporation at the time the contract of sale was executed. The date of closing the sale, by the terms of the contract as made by the parties, was October 1, 1949, when the additional sum of $250,000.00 would become due and payable. The balance due on the purchase price of the property was to be evidenced by a single promissory note and secured by real estate and personal property mortgages incumbering all the property transferred. A description of the real and personal property involved is not material or pertinent to a decision of this controversy.