Supreme Court of the United States, 1870

The Court held that the lease option was a continuing offer that became an enforceable sale contract when accepted, and that specific performance was appropriate because the agreement was fair when made and enforcement would serve equity.

The Court held that the lease option constituted a continuing offer supported by consideration and became an enforceable contract when accepted by the lessee. Although specific performance rests in equitable discretion, the Court concluded that enforcement would not be unjust, but conditioned the conveyance on payment…