GREVE v. LEGER, LTD.

Docket No. Sac. 7573.

64 Cal.2d 853 (1966)

415 P.2d 824

52 Cal. Rptr. 9

MYRON D. GREVE et al., Plaintiffs and Appellants, v. LEGER, LIMITED et al., Defendants and Respondents.

Supreme Court of California. In Bank.

July 14, 1966.


Attorney(s) appearing for the Case

Orrin K. Airola for Plaintiffs and Appellants.

Stanley Mosk and Thomas C. Lynch, Attorneys General, E.G. Funke, Assistant Attorney General, N. Eugene Hill, Robert W. Jarvis and Clarence S. Brown, Deputy Attorneys General, Brobeck, Phleger & Harrison, Lane P. Brennan and James F. Wisner for Defendants and Respondents.


TOBRINER, J.

The present case involves the attempt by a corporate purchaser of premises licensed for the sale of alcoholic beverages to avoid the obligation it assumed in giving the seller an option to repurchase the licenses in the event of the purchaser's default on its undertaking to buy the premises. The purchaser urges the sole defense that Business and Professions Code section 24076 forbade its agreement to such an option and hence nullified the obligation it...

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