Legal Opinion
Layne v. Henderson
Supreme Court of Virginia
Decided November 26, 1986No. Record No. 831614, Record No. 831548PublishedCited by 20 opinions
1Opinion of the CourtCompton, J.
The broad question for decision in this appeal is whether the provisions of an option contract violate the rule against perpetuities.
The facts have been stipulated. In 1948 and 1960, three brothers, Dempsey G. Layne, Carter G. Layne, and appellant Burton C. Layne purchased as tenants in common farms in Pittsylvania County, one containing approximately 225 acres and the other containing about 150 acres. Subsequently, the brothers executed the contract in question dated April 30, 1963. The brothers were parties to the agreement along with the wives of Carter and Burton Layne. Dempsey Layne was…
2Cases cited5 opinions
- Ryland Group, Inc. v. WillsSupreme Court of Virginia · 1985
- Skeen v. Clinchfield Coal Corp.Supreme Court of Virginia · 1923
- J. Maury Dove Co. v. New River Coal Co.Court of Appeals of Virginia · 1928
- United Virginia Bank v. Union Oil Co. of CaliforniaSupreme Court of Virginia · 1973
- Goodson v. CapehartSupreme Court of Virginia · 1986
3Cited by20 opinions
- Southerland v. Estate of SoutherlandSupreme Court of Virginia · 1995
- In re A2P SMS Antitrust LitigationDistrict Court, S.D. New York · 2013
- Lake of the Woods Ass'n, Inc. v. McHughSupreme Court of Virginia · 1989
- Smith v. SmithCourt of Appeals of Virginia · 1992
- Lincoln National Life Insurance v. JohnsonDistrict Court, E.D. Virginia · 1999
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