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HIDDEN MEADOWS DEVELOPMENT CO. v. MILLS

No. 13076.

511 P.2d 737 (1973)

29 Utah 2d 469

HIDDEN MEADOWS DEVELOPMENT CO., successor in interest of East Heber Development Company, Plaintiff and Appellant, v. Dee MILLS et al., Defendants and Respondents.

Supreme Court of Utah.

July 5, 1973.

Attorney(s) appearing for the Case

Cullen Y. Christensen, of Christensen, Taylor & Moody, Provo, for plaintiff-appellant.

Gordon I. Hyde, Salt Lake City, for defendants-respondents.

ELLETT, Justice.

The appellant and its predecessors in interest will be referred to as the plaintiff, while the respondents will be referred to as defendants.

On December 28, 1964, the defendants gave to plaintiff an option to purchase land for a specified sum at any time before midnight of December 31, 1965. The last paragraph of the agreement reads:

Time is of the essence of this contract. This contract is automatically renewed from year to year...

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