The sole issue confronting us in this case is whether, absent any provisions in the option contract to the contrary, a written notice by the optionee of his exercise of an option is effective upon its deposit in the mail or only upon its receipt by the optionor. As we explain infra, we have concluded that pursuant to sections 1582 and 1583 of the Civil Code,
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PALO ALTO TOWN & COUNTRY VILLAGE, INC. v. BBTC COMPANY
Docket No. S.F. 23065.
11 Cal.3d 494 (1974)
521 P.2d 1097
113 Cal. Rptr. 705
PALO ALTO TOWN & COUNTRY VILLAGE, INC., Plaintiff and Appellant, v. BBTC COMPANY, Defendant and Respondent.
Supreme Court of California. In Bank.https://leagle.com/images/logo.png
May 16, 1974.
May 16, 1974.
Attorney(s) appearing for the Case
Mager, Matthews & Neider, Thomas F. Stack and James F. Matthews for Plaintiff and Appellant.
Nakashima & Boynton and Theodore K. Boynton for Defendant and Respondent.
Supreme Court of California. In Bank.
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