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M. HILL ESTS., INC. v. BASTIN et al.

442 Pa. 405 (1971)

Murray Hill Estates, Inc. v. Bastin et al., Appellants.

Supreme Court of Pennsylvania.

April 22, 1971.

Attorney(s) appearing for the Case

Frank M. Van Ameringen, with him Van Ameringen, Girman & Del Sole, for appellants.

Coleman Harrison, for appellee.

Before BELL, C.J., JONES, COHEN, EAGEN, O'BRIEN, ROBERTS and POMEROY, JJ.

OPINION BY MR. JUSTICE POMEROY, April 22, 1971:

The defendants-appellants were optionees of a contract to purchase approximately 140 acres of land for $95,000. They assigned the option to plaintiff-appellee who exercised it and acquired title to the property. Consideration for the assignment was $500 plus a conveyance to appellants of 46 acres of the tract purchased.

Appellee's purpose in acquiring the option and in purchasing the land was to develop the acreage...

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