Adamson v. Thrall

This is a declaratory judgment proceeding brought to establish the rights of the parties to certain real property.

In 1965 the parties entered into a lease option contract. Upon paying the rent for three years the defendant purchasers were given the option to purchase the property on a contract basis. The three years’ rent was to be applied to the purchase price. The option contract contained the provision that if the purchasers exercised the option the vendors were required to furnish a contract of sale conforming to the lease option agreement.

On March 28, 1968, purchasers sent a letter to…