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KLINGER v. PETERSON

Nos. 1218, 1220.

486 P.2d 373 (1971)

Howard G. KLINGER et al., Appellants, v. Melvin W. PETERSON et ux., Appellees. Melvin W. PETERSON et ux., Cross-Appellants, v. Howard G. KLINGER et al., Cross-Appellees.

Supreme Court of Alaska.

June 25, 1971.

Attorney(s) appearing for the Case

Neil S. MacKay, Anchorage, for appellant-cross-appellee Howard G. Klinger.

Peter B. Walton, Boyko & Walton, Anchorage, for appellant-cross-appellee Harold G. Wills.

Burton C. Biss, Anchorage, for appellees-cross-appellants Melvin W. Peterson and Ruth G. Peterson.

Before DIMOND, RABINOWITZ and CONNOR, JJ.

OPINION

CONNOR, Justice.

This case concerns the exercise of an option, contained in a lease agreement and its supplements, to purchase certain real property. There is also presented a question of whether, before the attempted exercise of the option to purchase, the lease was terminated, thereby preventing the option from being invoked.

Melvin W. Peterson and Ruth G. Peterson, hereafter called lessors, are the owners of commercial real property situated...

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