Charles John Barkhorn, Jr. v. Adlib Associates, Inc., a Nevada Corporation

Charles John Barkhorn, Jr., brought this action against Adlib Associates, Inc. to recover the sum of $50,000 paid to defendant as the cash -consideration for a sixty-day option to lease, for fifty-five years, certain lands at Waikiki. Plaintiff also sought to recover the sum of $28,025.46 representing expenses allegedly incurred, in reliance upon the option, in planning for the development of the property. Plaintiff’s claims were premised on the theory that the option granted him for a lease of the property carried with it an implied warranty of title in the defendant; that the property was…