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Contracts Keyed to Marshall
Beall v. Beall
Citation:
413 A.2d 1365 (1980)Facts
On the day that plaintiff contracted to buy Pearl’s farm, he obtained a three-year option to purchase Calvin’s and Cecelia’s parcel for $28,000.00. The option recited a consideration of $100.00 which was paid by check. In 1971, the parties executed a new option, for five years, but on the same terms and reciting an additional $100.00 consideration. This 1971 option was never exercised by the plaintiff, but prior to its expiration the following language was appended at the bottom of the page: As of October 6, 1975, we, Calvin E. Beall and Cecelia M. Beall, agree to continue this option agreement three more years Feb. 1, 1976 to Feb. 1, 1979.
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