1464-Eight, Ltd. & Millis Management Corp. v. Joppich
Texas Supreme Court
154 S.W.3d 101 (Tex. 2004)
The failure to deliver nominal consideration recited in an option contract is insufficient to prohibit enforcement of the option contract.
Relevant Facts
Joppich (the plaintiff) entered into a real estate contract with 1464-Eight, Ltd. and Millis Management Corp. (the defendants) to purchase an undeveloped lot zoned residential for $65,000.00. At closing, the parties executed an option agreement which provided that the defendant could purchase the lot back from the plaintiff if she failed to begin constructing a residence on the lot within 18 months. The option agreement recited a $10 option fee paid by the defendants and received by the plaintiff. Subsequently, the plaintiff failed to construct a residence in time and the defendants sought to buy the lot back. The plaintiff sued, seeking a declaratory judgment that the option agreement was invalid for lack of consideration because the $10 option fee was never actually delivered to her. The defendants moved for summary judgment. The trial court denied the defendant’s motion for summary judgment. The appeals court reversed.
Issue
Get access to our database of over 17,000+ case briefs today. Access our issue statements for every case you'll encounter in law school for a low monthly price. The largest database on the internet is now available with Lawwly, the central legal hub. Use our case briefs to comprehend your casebook readings in seconds, to supplement your notes and outlines, and to outshine your classmates. No one has a more comprehensive case brief database than Lawwly. All of our briefs are handwritten by real legal experts and law professors and our stringent editing process ensures you'll get the best quality briefs available.
Holding & Reasoning
Get access to our database of over 17,000+ case briefs today. Access holding & reasonings for every case you'll encounter in law school for a low monthly price. The largest database on the internet is now available with Lawwly, the central legal hub. Use our case briefs to comprehend your casebook readings in seconds, to supplement your notes and outlines, and to outshine your classmates. No one has a more comprehensive case brief database than Lawwly. All of our briefs are handwritten by real legal experts and law professors and our stringent editing process ensures you'll get the best quality briefs available.
Concurrence
Get access to our database of over 17,000+ case briefs today. Access all available concurrences for every case you'll encounter in law school for a low monthly price. The largest database on the internet is now available with Lawwly, the central legal hub. Use our case briefs to comprehend your casebook readings in seconds, to supplement your notes and outlines, and to outshine your classmates. No one has a more comprehensive case brief database than Lawwly. All of our briefs are handwritten by real legal experts and law professors and our stringent editing process ensures you'll get the best quality briefs available.
Dissent
Get access to our database of over 17,000+ case briefs today. Access all available dissents for every case you'll encounter in law school for a low monthly price. The largest database on the internet is now available with Lawwly, the central legal hub. Use our case briefs to comprehend your casebook readings in seconds, to supplement your notes and outlines, and to outshine your classmates. No one has a more comprehensive case brief database than Lawwly. All of our briefs are handwritten by real legal experts and law professors and our stringent editing process ensures you'll get the best quality briefs available.
Last updated:
November 30, 2020
Judicial Opinion
Get access to our database of over 17,000 case briefs today. Our database of judicial opinions will be released soon, for free!
Procedural History
Get access to our database of over 17,000+ case briefs today. Access the entire procedural history for every case you'll encounter in law school for a low monthly price. The largest database on the internet is now available with Lawwly, the central legal hub. Use our case briefs to comprehend your casebook readings in seconds, to supplement your notes and outlines, and to outshine your classmates. No one has a more comprehensive case brief database than Lawwly. All of our briefs are handwritten by real legal experts and law professors and our stringent editing process ensures you'll get the best quality briefs available.
Citations
154 S.W.3d 101 (Tex. 2004)