FALLSCHASE DEVELOPMENT CORP. v. BLAKEY

No. 95-4052.

696 So.2d 833 (1997)

FALLSCHASE DEVELOPMENT CORPORATION and L. Blair Bailey, Appellants, v. William B. BLAKEY, Appellee.

District Court of Appeal of Florida, First District.

Rehearing Denied July 11, 1997.


Attorney(s) appearing for the Case

Robert Augustus Harper and Steven Brian Whittington of Robert Augustus Harper Law Firm, P.A., Tallahassee, for Appellants.

George E. Lewis, II, Tallahassee, for Appellee.


JOANOS, Judge.

Appellants seek review of a final judgment on the pleadings, in which the trial court determined that a "right of first refusal" clause in a contract for sale of real property was void under the common law rule against perpetuities. The questions presented are: (1) whether the right of first refusal to acquire commercial property violates the common law rule against perpetuities, and (2) whether the "right of first refusal" should be reformed in accordance...

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