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STATE v. LEX ASSOCIATES

(SC 15902)

248 Conn. 612 (1999)

STATE OF CONNECTICUT v. LEX ASSOCIATES

Supreme Court of Connecticut.

Officially released May 11, 1999.

Attorney(s) appearing for the Case

Elliott B. Pollack, with whom were Christopher M. Haddad and, on the brief, Gregory F. Servodidio, for the appellant-appellee (defendant).

Peter R. Huntsman, assistant attorney general, with whom, on the brief, was Richard Blumenthal, attorney general, for the appellee-appellant (plaintiff).

Callahan, C. J., and Berdon, Norcott, Katz and Peters, Js.

Opinion

PETERS, J.

Many long-term real estate leases include provisions giving the lessees the option to purchase the leased properties. In the present appeal, the principal issues concern the consequences that flow from a lessor's unexcused refusal to accept a lessee's proper tender of payment of the option price. An antecedent issue is the enforceability of the option to purchase in light of a claimed lack of mutuality of obligation in the underlying...

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