COULTER & SMITH, LTD. v. RUSSELL

No. 960462.

966 P.2d 852 (1998)

COULTER & SMITH, LTD., a Nevada corporation, Plaintiff and Petitioner, v. Roger RUSSELL, Roger Richards, and Kristen Russell, Defendants and Respondents.

Supreme Court of Utah.

September 25, 1998.


Attorney(s) appearing for the Case

Richard A. Rappaport, Leslie Van Frank, Salt Lake City, for plaintiff.

Adam S. Affleck, John N. Brems, Michael N. Zundell, Salt Lake City, for defendants.


On Certiorari to the Utah Court of Appeals

DURHAM, Associate Chief Justice:

We granted Coulter & Smith, Ltd.'s (Coulter) petition for a writ of certiorari to review the Utah Court of Appeals' invalidation, under the rule against perpetuities, of Coulter's option to purchase land from respondent Roger Russell. We also granted Russell's cross petition for certiorari to determine whether the court of appeals correctly held that Coulter's option was supported...

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