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AMERICAN REALEQUITIES, LTD. v. ALM INV. CORP.

No. 80-1548.

406 So.2d 507 (1981)

AMERICAN REALEQUITIES, LTD., a Bahamian Corporation, Appellant, v. ALM INVESTMENT CORPORATION, a Pan American Corporation Organized under the Laws of the State of Florida to Do Business in the State of Florida, Appellee.

District Court of Appeal of Florida, Third District.

November 3, 1981.

Attorney(s) appearing for the Case

Hall & Hauser and Andrew C. Hall and Richard F. O'Brien, III, Miami, for appellant.

William A. Meadows, Jr., and Lewis D. Milledge, Jr., South Miami, for appellee.

Before BARKDULL and BASKIN and DANIEL S. PEARSON, JJ.

BARKDULL, Judge.

Defendant/counter-plaintiff, American Realequities, Ltd. (American), appeals from a final judgment denying its counterclaim for specific performance of a contract with plaintiff/counter-defendant, ALM Investment Corp. (ALM).

ALM and American entered into a contract under which ALM agreed to sell to American certain property for a purchase price of $530,000.00. American made a $25,000.00 deposit,...

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