Hollingsworth

This is an action for specific performance of an agreement set forth in “Exhibit A” and attached to and made a part of plaintiffs’ amended complaint.

It appears that the defendants Hollingsworth and Miles were part owners of a tract of about one thousand acres of land in the city of Los Angeles. At the time of the exeeu tlon of the writing known as “Exhibit A” the legal title to this tract of land stood in the name of Title Guarantee and Trust Company, as trustee. The beneficial interest in the property stood, an undivided one-half in W. I. Hollingsworth and Hattie G. Hollingsworth as joint tenants, a one-quarter such interest in J. H. Miles and Sue A. Miles as joint tenants, and the remaining one-quarter interest in Marion 0. Hooker. Later and after the execution of this writing the Hooker interest was acquired in equal shares by W. I. Hollingsworth and J. H. Miles. The plaintiffs, designated in the writing as “the syndicate,” were, as stated in appellants’ brief, “well known subdividers” who had “been successful in the marketing of various subdivisions in and around Los Angeles.”

The contract or writing known as “Exhibit A” was executed April 12, 1923. It was entitled “…