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IN RE PRICHARD ESTATE

Docket No. 64664.

410 Mich. 587 (1981)

302 N.W.2d 554

In re PRICHARD ESTATE MURRELL v. PARAGON TRANSPORT, INC.

Supreme Court of Michigan.

Decided March 10, 1981.

Attorney(s) appearing for the Case

Matheson, Bieneman, Parr, Schuler & Ewald (by R. Ian Hunter and James D. Osmer; Dickinson, Wright, McKean, Cudlip & Moon, by Kenneth J. McIntyre, of counsel) for plaintiff.

Schlussel, Lifton, Simon, Rands, Kaufman, Lesinski & Jackier and Simpson, Moran & Burnett for defendant.

PER CURIAM:

We are asked to decide how the lapse of time, after the exercise of an option to purchase, affects the right to complete that purchase when the instrument creating the option is silent on the point. On this record, we believe the probate judge was correct in requiring a "reasonable" amount of time and in concluding that the 40 days extended to the plaintiff was not a reasonable amount of time to allow him to complete this purchase.

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