CORNISH COLLEGE v. 1000 VIRGINIA LTD.

Nos. 63790-8-I, 63792-4-I.

242 P.3d 1 (2010)

CORNISH COLLEGE OF THE ARTS, a Washington public benefit corporation, Respondent, v. 1000 VIRGINIA LIMITED PARTNERSHIP, a Washington limited partnership; One Thousand Virginia, a general partnership; and Donn Etherington, Jr., an individual, Appellants.

Court of Appeals of Washington, Division 1.

October 25, 2010.


Attorney(s) appearing for the Case

Jerry H. Kindinger , Wendy S. Moullett , Ryan Swanson & Cleveland PLLC, Seattle, WA, Charles K. Wiggins , Kenneth W. Masters , Shelby R. Frost Lemmel , Wiggins & Masters PLLC, Bainbridge Island, WA, for Appellants.

Richard C. Yarmuth , Rachel Hong , Jordan Gross , Yarmuth Wilsdon Calfo , Seattle, WA, for Respondent.


DWYER, C.J.

¶ 1 A superior court has the authority to grant an equitable grace period to the holder of an option to purchase property when an inequitable forfeiture would otherwise result. When monetary damages are inadequate to compensate a nonbreaching party, a lease containing an option to purchase is enforceable by specific performance. Properly finding that Cornish College of the Arts would otherwise suffer an inequitable forfeiture, the trial court herein...

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