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WONG v. Di GRAZIA

Docket No. S.F. 21344.

60 Cal.2d 525 (1963)

386 P.2d 817

35 Cal. Rptr. 241

ELI M. WONG et al., Plaintiffs, Cross-defendants and Appellants, v. LORIS M. Di GRAZIA et al., Defendants, Cross-complainants and Appellants.

Supreme Court of California. In Bank.

November 21, 1963.

Attorney(s) appearing for the Case

Charles F. Wong for Plaintiffs, Cross-defendants and Appellants.

Theodore M. Monell for Defendants, Cross-complainants and Appellants.

TOBRINER, J.

We hold here that an agreement which provided that the lease of a building to commence "upon completion of said building" does not violate the rule against perpetuities. (Civ. Code, § 715.2.)1 The nature of the circumstances of the transaction shows that the contemplated building was to be completed within a reasonable time and that such reasonable time was less than 21 years...

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