OPINION
BOOCHEVER, Justice.
Appellant Holiday Inns suffered a judgment of $51,000 against it in the superior court for damages arising out of an alleged breach of a franchise contract Holiday Inns had made with Leonard Peck for the construction of a Holiday Inn facility in Anchorage. The original franchise contract was entered into in November of 1965, with Peck tendering a deposit of $10,000 and the parties executing a contract in the form of a "commitment...
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