Wheeler (D) gave Smith (P) an option contract for one year to buy a certain piece of property. The agreement recited consideration of one dollar being paid, but it never was. D refused to honor the agreement and retracted the transaction. P then sent the one dollar and attempted to close the transaction. D then filed a complaint asking the court to declare the option contract a nullity. D was granted a judgment on the pleadings and P appealed.

This section contains the nature of the case and procedural background.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.