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CHRYSLER MOTORS CORP. v. TOM LIVIZOS REAL ESTATE, INC.

210 A.2d 299 (1965)

CHRYSLER MOTORS CORPORATION, a corporation of the State of Delaware, Plaintiff, v. TOM LIVIZOS REAL ESTATE, INC., a corporation of the State of Delaware, Defendant.

Court of Chancery of Delaware, New Castle.

April 7, 1965.

Attorney(s) appearing for the Case

Louis J. Finger, of Richards, Layton & Finger, Wilmington, for plaintiff.

Lawrence F. Hartnett, Wilmington, for defendant.

SEITZ, Chancellor:

The issues here are whether an option agreement ("option") to sell real estate is valid and, if so, whether it is specifically enforceable. Surprisingly enough, important legal points in this interesting case appear not to have arisen before in this State.

The option involved was granted by Tom Livizos Real Estate Inc. ("defendant") to Chrysler Motors Corporation ("plaintiff"). The defendant asserts that the option was invalid, inter alia...

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