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1) In November 1918, Lorenzo Zayco and Salvador Serra entered into a contract giving Zayco an option to purchase Serra's Palma Central for $1 million by June 30, 1919, with preferential rights if it was sold to a third party.
2) In June 1919, Zayco accepted the contract terms but Serra cancelled the option in July, later selling to third parties. Zayco sued to compel the sale.
3) The court found consideration in the contract but that Zayco's acceptance was not unconditional and did not perfect the contract, as the cash payment amount was not specified. Zayco was not entitled to compel the sale to him.
1) In November 1918, Lorenzo Zayco and Salvador Serra entered into a contract giving Zayco an option to purchase Serra's Palma Central for $1 million by June 30, 1919, with preferential righ…