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STUART KINGSTON, INC. v. ROBINSON

596 A.2d 1378 (1991)

STUART KINGSTON, INC., a Delaware corporation and St. Lawrence and Grant Venue Trust, a Delaware trust, Defendants Below, Appellants, and Carriage House Associates, Inc., a Delaware corporation, Defendant Below, v. Stephen D.M. ROBINSON and Marjorie Hirschland Robinson, his wife, Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Decided: August 12, 1991.

Attorney(s) appearing for the Case

Edward M. McNally (argued), and Daniel P. Johnson, Morris, James, Hitchens & Williams, Wilmington, for appellants.

Eric L. Grayson (argued), Robinson & Grayson, P.A., Wilmington, for appellees.

Before MOORE, WALSH and HOLLAND, JJ.

WALSH, Justice:

This is an appeal from a Court of Chancery decision granting specific performance of a contract for the sale of real estate. The court ruled the buyer had standing to challenge a right of first refusal and that the seller was not bound by the right sought to be exercised by a third party because the right was void as violative of the rule against perpetuities. We agree with the Court of Chancery that the...

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