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Contracts Keyed to Knapp
Berryman v. Kmoch
Facts
Plaintiff signed a written option agreement drawn up by Defendant. The agreement stated that “[f]or $10.00 and other valuable consideration” an option would be granted for 120 days. However, the $10.00 was not paid. Prior to the duration of the 120 days, Plaintiff contacted Defendant and asked to be released from his obligation under the option agreement. The parties were unable to work out anything definite. Plaintiff then sold the land to another person. After Plaintiff sold the land, Defendant attempted to exercise the option. Defendant was informed that the land had already been sold. Defendant continued in his attempts to exercise the option.
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