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MASTERSON v. SINE

Docket No. Sac. 7725.

68 Cal.2d 222 (1968)

436 P.2d 561

65 Cal. Rptr. 545

REBECCA D. MASTERSON et al., Plaintiffs and Respondents, v. LU E. SINE et al., Defendants and Appellants.

Supreme Court of California. In Bank.

February 6, 1968.

Attorney(s) appearing for the Case

Rawlins Coffman and Noel Watkins for Defendants and Appellants.

Glicksberg, Kushner & Goldberg, Lawrence Goldberg, Truce & Veal, Harlan Veal and Duard F. Geis for Plaintiffs and Respondents.

TRAYNOR, C.J.

Dallas Masterson and his wife Rebecca owned a ranch as tenants in common. On February 25, 1958, they conveyed it to Medora and Lu Sine by a grant deed "Reserving unto the Grantors herein an option to purchase the above described property on or before February 25, 1968" for the "same consideration as being paid heretofore plus their depreciation value of any improvements Grantees may add to the property from and after two and a half years from this date...

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