Draper v. Gochman

GREENHILL, Justice.

Under the terms of a lease, Max Goch-man was given the right to a “first refusal” to purchase the interest of his grantor if his grantor “desires to sell or dispose of his interest.” The grantor thereafter borrowed money and executed a deed of trust covering the property to secure the debt. The grantor defaulted, the interest of grantor was sold by the trustee under the deed of trust, and Guy Draper et al., petitioners here, purchased at the trustee’s sale. Goch-man later tendered the amount bid at the trustee’s sale. His offer was declined. So Gochman brought this suit…