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SMITH v. WHEELER

29306.

233 Ga. 166 (1974)

210 S.E.2d 702

SMITH v. WHEELER.

Supreme Court of Georgia.

Decided November 5, 1974.

Attorney(s) appearing for the Case

Carl J. Stimmel, for appellant.

Vaughn, Barksdale & Nation, Sidney L. Nation, for appellee.

JORDAN, Justice.

Ira Wheeler and Charles Smith entered into an option agreement on March 17, 1973, whereby Wheeler gave Smith a one-year option to buy certain property located in Rockdale County. The option agreement, signed by both parties, states that it is "In consideration of the sum of one ($1.00) dollar to me in hand paid, receipt whereof is hereby acknowledged..." It is undisputed that the one dollar consideration cited in the agreement was not paid at the...

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