How have courts treated the option option in real estate transactions?
California, United States of America
The following excerpt is from City of Walnut Creek v. Leadership Housing Systems, Inc., 140 Cal.Rptr. 690, 73 Cal.App.3d 611 (Cal. App. 1977):
[73 Cal.App.3d 619] In County of San Diego v. Miller (1975) 13 Cal.3d 684, 119 Cal.Rptr. 491, 532 P.2d 139, the court observed: 'The option has become a prevalent method for securing to a potential land buyer the ability to ultimately purchase the land--while affording him the opportunity to undertake and complete
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