Davis v. Chipman

The defendant, as trustee under the last will and testament of Josephine A. Phelps, deceased, was on the twenty-fourth day of April, 1924, the owner of certain described real property situated in the county of San Mateo and comprising 1400 acres of land or thereabouts. On said last-named day, defendant gave to Thomas B. Dozier, Jr., an option to purchase said real property for the sum of $250,000, which said option is, in so far as the same is necessary for the purposes of this action, in the following words and figures:

“It is hereby agreed that I will sell and convey to you or your assignee,…