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IN RE KONETA

No. 4:05-BK-08127-JMM.

357 B.R. 540 (2006)

In re KONETA, Debtor.

United States Bankruptcy Court, D. Arizona.

December 8, 2006.

Attorney(s) appearing for the Case

Eric Ollason, Tucson, AZ, for Debtor.

MEMORANDUM DECISION RE: EFFECT OF OPTION CONTRACT

JAMES M. MARLAR, Bankruptcy Judge.

The parties have briefed legal issues to the court, and have made arguments concerning the legal effect of a pre-petition option contract. After consideration of the arguments, the undisputed documents, the undisputed chronology of facts, and the law, the court now decides the issues, and explains its reasoning.

FACTS

On August 12, 2005, the Debtor...

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