Legal Opinion

Otter Creek Development Co. v. Friesenhahn

Supreme Court of Arkansas

Decided May 2, 1988No. 87-290Published

1Opinion of the Court

748 S.W.2d 344 (1988)

295 Ark. 318

OTTER CREEK DEVELOPMENT COMPANY, an Arkansas Limited Partnership, Appellant,

v.

Vernon C. FRIESENHAHN d/b/a Friesenhahn Development Company, Appellee.

No. 87-290.

Supreme Court of Arkansas.

May 2, 1988.

Jack A. McNulty, Pine Bluff, Robert V. Light, Little Rock, for appellant.

Griffin Smith, Little Rock, Homer Tanner, No. Little Rock, for appellee.

DUDLEY, Justice.

The only issue we need to decide is whether an option to purchase real estate violates the rule against perpetuities.

In 1971, the appellant, Otter Creek Development Company, a domestic limited partnership,…

2Cases cited15 opinions

  1. Wong v. Di GraziaCalifornia Supreme Court · 1963
  2. Ryland Group, Inc. v. WillsSupreme Court of Virginia · 1985
  3. Haggerty v. City of OaklandCalifornia Court of Appeal · 1958
  4. Richard Roemhild v. Dr. Grey Jones and Bull Sprig Hunting Club, Inc.Court of Appeals for the Eighth Circuit · 1957
  5. Rodin v. MerrittCourt of Appeals of North Carolina · 1980

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