Wiley v. Berg

This is a suit in equity on behalf of unit owners of the Fontaine Condominium in Portland for a declaration of their rights under "option to purchase” provisions of subscription agreements signed by them and for a decree enjoining defendants from enforcing the provisions of an amended lease purporting to establish a minimum price for the exercise of the option. Defendants appeal from an adverse decree.

As stated by defendants, "the question on appeal is whether the minimum purchase price contained in the amended lease is valid and binding on the members of the Fontaine Condominium…