Yorkridge Service Corp. v. Boring

Yorkridge Service Corporation (Yorkridge), the appellant, sought to enforce a first refusal option against Weldon Lee Boring and Gwendolyn Richards Boring, his wife, (the Borings), the appellees, in the Circuit Court for Howard County, Judge Guy Cicone presiding. The chancellor granted the Borings’ motion for summary judgment and denied Yorkridge the relief sought. The case turns upon the question of whether or not Yorkridge properly exercised its option.

The record shows that by agreement dated May 26, 1975, and executed June 2, 1975, the Borings granted Yorkridge a first refusal option to…