Nikas v. Hindley

Nichols, Judge.

The plaintiff’s petition had attached thereto, as a pan thereof, a copy of the contract of employment entered into between the plaintiff and the defendant and Beverage Distributors, Inc. The contract contained the option quoted in the above statement of the case and showed that the plaintiff had, at the time of the alleged breach, an option to purchase the stock from the defendant.

“An option is a contract by which the owner of property agrees with another that the latter shall have the right to buy the former’s property at a fixed price within a certain time and on agreed terms…