Pleger v. Bouwman

Defendants decided on January 22, 1973 to grant the plaintiffs the right to purchase a certain parcel of land for an agreed amount. This option, which was in writing and supported by valuable consideration, was to expire six months later.

About July 10, 1973 plaintiff Pleger orally exercised the option by telephoning defendant Vander-Veen and announcing plaintiffs’ readiness to close the deal. Final arrangements were made and a closing date set. Defendants did not appear at the closing. Rather, plaintiffs received a letter indicating that they had failed to properly exercise the option within…