Court Opinion

ID: 9759035
Source: CourtListenerOpinion
Date Created: 2023-08-29 00:00:51.365083+00
Date Added: 2024-06-11T07:28:58.245720
License: Public Domain

WIEAND, Judge,
concurring:
I concur in the result. In my judgment, however, the terms of the agreement define expressly and specifically the time within which the option can be exercised. The agreement provides: “Said right, privilege and option may be exercised at any time prior to the division of the assets of partnership upon termination or dissolution thereof.” In view of this language of the agreement, I would find it unnecessary to determine whether thirteen years was a reasonable or unreasonable time within which to exercise the option. It is enough that the option was exercised within the time contemplated by the parties’ agreement. I agree also with the majority that the increase in value during the thirteen year period in which the parties were partners and worked together to enhance the value of their land does not alone render the option unenforceable.