Charles Young Construction, Inc., a Corporation v. Harold D. Look and Lynn G. Look

The plaintiff corporation (Young) sued the defendants (Look), seeking specific performance of a contract to sell a parcel of land in Guam. After a court trial ended in judgment for Young, Look appealed. We affirm.

In 1963, the parties executed a four-year lease which contained an option for Young to purchase the leased premises. The terms of purchase included a down-payment of $2,500 with the balance payable in monthly installments of $200 together with interest on the declining balance. Upon exercise of the option, Look was to deliver a warranty deed and a map acceptable to the Department of Land Management of the Government of Guam. In exchange, Young was to deliver a promissory note for the balance of the purchase price secured by a mortgage on the land.

In August, 1967, Young furnished notice of acceptance of the option by tendering the downpayment plus certain overdue rental payments. Two monthly installments were made, and then payments ceased.

Later in 1967, Look provided the warranty deed. However it was not recordable because it did not satisfy Guamanian law. He also produced the required map, but it was not approved by the government until July, 1968. Also in…