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ANDERSON v. ARMSTRONG

No. 2-60122.

264 N.W.2d 619 (1978)

Herbert W. ANDERSON, as Receiver of United America Insurors and United America Development Corporation, Appellant, v. J. D. ARMSTRONG, Appellee.

Court of Appeals of Iowa.

January 31, 1978.

Attorney(s) appearing for the Case

E. Eugene Davis and Wendell B. Gibson, of Davis, Scott & Grace, Des Moines, for appellant.

C. A. Pasley, of Pasley, Singer, Pasley & Holm, Ames, for appellee.

Submitted to ALLBEE, C. J., and DONIELSON, SNELL, OXBERGER and CARTER, JJ.

CARTER, Judge.

This is an action in equity seeking specific performance of an alleged contract for the sale of the vendee's interest in three real estate contracts. The plaintiff is the Insurance Commissioner, acting as receiver of an insolvent insurance company which owned the interest in real estate with which we are concerned.1 The defendant is an individual who submitted a written offer to the receiver to purchase the vendee's interest...

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