On February 20, 1950, Chalmers Mead executed to appellant an exclusive right at his option to purchase within a five-year period a certain parcel of land in the City of Jackson, when the same shall be offered for sale, "for the price which shall be the highest price obtainable for such property." The land was subject to the lien of prior deeds of trust in favor of First Federal Savings & Loan Association of...
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