Legal Opinion
Pathmark Stores, Inc. v. 3821 Associates, L.P.
Court of Chancery of Delaware
Decided May 9, 1995No. CIV. A. 13234PublishedCited by 13 opinions
1Opinion of the Court
OPINION
STEELE, Vice Chancellor.
This is an action filed by plaintiff Path-mark Stores, Inc. (“Pathmark”) against defendants 3821 Associates, L.P., Micron, Inc., and Raymond W. Tabling (collectively “Defendants”) for specific performance and breach of contract. Pathmark seeks specific performance of a recorded option to reacquire an unsubdivided parcel of real estate located on Lancaster Avenue in New Castle County, Delaware.
Defendants filed a motion for summary judgment arguing the option clause violates the rule against perpetuities. This is my decision on this motion.
I. BACKGROUND
At this…
2Cases cited5 opinions
- Ebersole v. LowengrubSupreme Court of Delaware · 1962
- Burkhart v. DaviesSupreme Court of Delaware · 1991
- Stuart Kingston, Inc. v. RobinsonSupreme Court of Delaware · 1991
- Guaclides v. KruseNew Jersey Superior Court Appellate Division · 1961
- Nash v. ConnellCourt of Chancery of Delaware · 1953
3Cited by13 opinions
- New Castle County v. Pike Creek Recreational Services, LLCCourt of Chancery of Delaware · 2013
- Atlantic Richfield Co. v. Whiting Oil & Gas Corp.Supreme Court of Colorado · 2014
- Bauermeister v. WASTE MANAGEMENT CO., OF NEBRASKANebraska Supreme Court · 2010
- Beazley Insurance Company, Inc. v. Trustware Holdings, Inc.Superior Court of Delaware · 2024
- Dominick A. Pulieri v. Boardwalk Properties, LLCCourt of Chancery of Delaware · 2015
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