Mohr Park Manor, Inc. v. Bank of Nevada

OPINION

This matter concerns an option agreement for the purchase of real property, and is before us for the second time. The agreement was executed on March 2, 1962, between Anna Mohr as optionor-seller and Mohr Park Manor, Inc., as optionee-buyer and concerned approximately 150 acres of land in Clark County, Nevada, to be sold for $3000 per acre. The buyer intended to secure financing with which to pay for the land, subdivide it and build thereon a senior citizens project. The agreement, however, did not fix a time within which financing was to be secured and the option exercised. As of…