Martindell v. Fiduciary Counsel, Inc.

The opinion of the court was delivered by

Heher, J.

A continuing offer grounded in a sufficient consideration constitutes an “option,” as the term is known to the law. Since it is a promise upon a legal consideration, it is irrevocable for the time of its continuance, and takes the classification of a contract. It is not open to the objection of want of mutuality. Such is the nature of the promise here. Its exposition is governed by the general rules of interpretation. If the language is clear and explicit, there is no room for the application of any of the secondary rules of construction. If,…