Carolan v. Nelson

THOMAS H. NEWTON, Presiding Judge.

The parties executed an agreement for Mr. William Nelson to purchase Mr. Jack Carolan’s land with an option for Mr. Car-dan to purchase the land from Mr. Nelson “up to ten years” from the date of the agreement, May 24, 1994. 1 The agreement required that the notice of intent to exercise the option include a closing date. In addition, the notice had to be sent through registered mail no less than ninety days before the stated closing date. On April 14, 1998, Mr. Carolan assigned the option to his corporation, Summit Falls Investment Company (Summit Falls), of…