When Is An Option Not An Option?
Mondaq Business Briefing › United States Law Articles in English (2010)
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When Is An Option Not An Option?
Despite years of common law case law analyzing the issue of whether an enforceable option has been entered into, even today courts struggle with the issue. Few cases illustrate the difficulties surrounding whether a binding option exists better than Steiner v. Thexton (2010) 48 Cal.4th 411. Steiner is a recent California Supreme Court case concerning an option to purchase roughly 12 a...
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