Kahili Inc. V. Yamamoto

On July 29, 1965, Frank S. Yamamoto granted Clarence Allen Lee and David Jung Hai Lyum an option to purchase the sublease. The instrument was signed by the aforementioned parties and Clyde K. Yamamoto as guarantor. By letter dated June 30, 1966, Kahili, Inc. informed the Yamamotos of having acquired the interests of Lee and Lyum under the option and gave notice of its exercise of the option to purchase the leasehold interest. The Yamamotos duly consented to the assignment and acknowledged receipt of the notice to exercise the option.