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OTTER CREEK DEVELOPMENT v. FRIESENHAHN

No. 87-290.

750 S.W.2d 411 (1988)

295 Ark. 318

OTTER CREEK DEVELOPMENT COMPANY, an Arkansas Limited Partnership, Appellant, v. Vernon C. FRIESENHAHN d/b/a Friesenhahn Development Company, Appellee.

Supreme Court of Arkansas.

June 6, 1988.

Attorney(s) appearing for the Case

Jack A. McNulty, Pine Bluff, Robert V. Light, Little Rock, for appellant.

Homer Tanner, North Little Rock, for appellee.

Prior report: 295 Ark. 318, 748 S.W.2d 344.

SUPPLEMENTAL OPINION ON DENIAL OF REHEARING

DUDLEY, Justice.

On rehearing, the petitioner contends that the respondent, Otter Creek Development Company, received payments under the terms of an option, and therefore, should not be allowed to assert that the option violated the rule against perpetuities. The contention is without merit...

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