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COOMLER v. SHELL OIL COMPANY

89C-11697; CA A66044.

814 P.2d 184 (1991)

108 Or.App. 233

John K. COOMLER and Lois Scheidegger, Trustees, Appellants, v. SHELL OIL COMPANY, a Corporation, Respondent.

Court of Appeals of Oregon.

Decided July 24, 1991.

Reconsideration Denied October 2, 1991.

Attorney(s) appearing for the Case

James A. Cox, Lake Oswego, argued the cause for appellants. With him on the brief were Christopher B. Rounds and Cox & Peterson, Lake Oswego.

William N. Mehlhaf, Portland, argued the cause for respondent. With him on the brief was Markowitz, Herbold, Glade & Mehlhaf, Portland.

Before JOSEPH, C.J., and ROSSMAN and DE MUNIZ, JJ.

ROSSMAN, Judge.

Plaintiffs lessors appeal from the trial court's judgment in this declaratory judgment action that defendant lessee's options to purchase the leased real property during the 35-year term and extensions of the lease do not violate the Rule Against Perpetuities1 and do not constitute an unreasonable restraint on alienation. We affirm.

An option to purchase may be subject...

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