March 2016 - Hancock McGill & Bleau

Option Consideration

by Hancock, McGill & Bleau | Mar 3, 2016 | Buying Real Estate, Real Estate, Selling Real Estate

On December 31, 2004 the Texas Supreme Court issued its opinion in 1464-Eight, Ltd. & Millis Management Corporation v. Joppich. This case turned on issue of the enforceability of an option contract if the recited nominal consideration is not paid. The Court...

Option Consideration

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