Court Opinion

ID: 9746099
Source: CourtListenerOpinion
Date Created: 2023-08-27 13:58:42.864116+00
Date Added: 2024-06-11T12:37:35.515179
License: Public Domain

GATES, J.,
Concurring. — The facts underlying the present proceeding appear to be virtually sui generis. That is, still operative pre-1933 gold-clause leases are apparently most rare and one that expressly grants preapproval for the complete and automatic release of the lessee upon assignment, essentially unique.
I, therefore, concur in the judgment but express no opinion regarding what determination would have been appropriate even in this peculiar instance had the lessee-assignor and the assignee not been fully aware of, and consequently knowingly assumed the risk of, the potential consequences of their transaction prior to its consummation.
A petition for a rehearing was denied March 16, 1995, and respondent’s petition for review by the Supreme Court was denied June 6, 1995. Lucas, C. J., Mosk, J., Baxter, J., and George, J., did not participate therein.