Opinion ID: 485541
Heading Depth: 2
Heading Rank: 1

Heading: Standing to Exercise The Option

Text: 20 Not until the time for the beginning of trial did Papo contend Olga's did not have standing to exercise the option Papo claimed was nonassignable. The district court ignored this argument as coming too late and effectively waived. Testimony indicated that Olga's and Olga California acted together in the leasehold arrangements, and that Papo never objected to dealing with either one during the course of their dealing at Hayward. Correspondence between Papo and Olga's indicated that Papo effectively recognized Olga's as the lessee. Furthermore, no evidence suggests that the lease was ever assigned. Olga's was, under the circumstances, a proper party to exercise the option and had standing to pursue it on behalf of its wholly owned subsidiary.