Specific Performance Denied for Expired Option to Purchase

A plaintiff sued a defendant to compel the execution of a promise to sell a property, alleging the defendant had subsequently sold the same property to a third party, which constituted a breach of the promise, while the defendant argued the promise had lapsed due to the plaintiff's failure to timely exercise the option to purchase stipulated in the agreement. The court upheld the dismissal of the plaintiff's claim, reasoning that because the stipulated time limit for exercising the option to purchase had expired before the plaintiff signified their intent to proceed with the sale, the unilateral promise to sell had lost its binding force, meaning the defendant was no longer obligated to complete the transaction, even after selling the property to another.