Legal Opinion
Gulf Oil Corporation v. Willcoxon
Supreme Court of Georgia
Decided March 15, 1955No. 18840PublishedCited by 25 opinions
1Opinion of the Court
Head, Justice.
“The obligation by which one binds himself to sell, and leaves it discretionary with the other party to buy, is what is termed in law an option, which is simply a contract by which the owner of property agrees with another person that he shall have a right to buy the property at a fixed price within a certain time.” Black v. Maddox, 104 Ga. 157, 162 (30 S. E. 723). In the present case the agreement is an option. Franklin v. McCormick, 182 Ga. 757 (187 S. E. 6).
From the allegations of the petition it is not clear whether the plaintiff relies upon an extension of the option by…
2Cases cited22 opinions
- Black v. MaddoxSupreme Court of Georgia · 1898
- Hawkins v. StuddardSupreme Court of Georgia · 1909
- Stonecypher v. Georgia Power Co.Supreme Court of Georgia · 1936
- Fish v. Chapman & RossSupreme Court of Georgia · 1847
- Phinizy v. GuernseySupreme Court of Georgia · 1900
17 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Chatham Amusement Co. v. PerrySupreme Court of Georgia · 1960
- Pethel v. WatersSupreme Court of Georgia · 1965
- Overcash v. First National BankCourt of Appeals of Georgia · 1967
- Barkley-Cupit Enterprises, Inc. v. Equitable Life Assurance Society of United StatesCourt of Appeals of Georgia · 1981
- Perry Development Corp. v. Colonial Contracting Co.Supreme Court of Georgia · 1974
20 more not listed; retrieve them via the Exa API.