Australaska Corporation v. Sisters of Charity

AREND, Justice.

This is an action between two corporations wherein the one, Australaska Corporation, as plaintiff-appellant (hereinafter also designated Australaska), is seeking to recover an earnest money payment from the other, the defendant-appellee, sometimes referred to herein as Sisters of Charity. The appellant also demands damages from the appellee in the amount of $300,000 for the alleged breach of an option contract by the appellee as optionor.

The option contract is dated September 30, 19S9, and relates to certain real property owned by Sisters of Charity and designated as Providence…