DeFeyter v. Riley

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “[a] promise exchanged for a promise imposes mutual obligations and is sufficient consideration to render the contract enforceable”
• fact that word “option” appears in title does not mandate determination that instrument is an option contract
• If the buyer has agreed to purchase the property, the presence of a liquidated damages clause does not convert the agreement into an option to purchase.

Source: CourtListener parenthetical corpus (CC0).