Alaska Supreme Court Considered a Put-and-Call Option in a Buy-Sell Agreement

Business Valuation Update BVLaw
Legal and Court Case Update
February 11, 2005

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1522 General Contractors-Residential Buildings, Other Than Single-Family
buy/sell agreement
Richard Harris v. AHTNA, Inc.
No. S-10960 (AK 2005)
US
State Court
Alaska
Supreme Court
Christopher J. Slottee, William G. Royce
George L. Johnson, CPA <br>
Matthews

Summary

The Alaska Supreme Court held that a put-and-call option buy-sell agreement must be symmetrical such that the price the offeror proposed will be the same whether he buys or sells under that agreement.

See Also

Richard Harris v. AHTNA, Inc.

Full Text of Court Cases
February 11, 2005

The Alaska Supreme Court held that a put-and-call option buy-sell agreement must be symmetrical such that the price proposed by the offeror will be the same whether he buys or sells under that agreement. Therefore, it held that the inclusion of non-moneta ...