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Mattei v. Hopper
California Supreme Court (1958) | 51 Cal. 2d 119; 330 P.2d 625; 1958 Cal. LEXIS 213
TL;DR: A real estate contract conditioned on the buyer obtaining "satisfactory" leases was held enforceable. The court found the buyer's promise was not illusory because it was constrained by an implied duty of good faith.
Legal Significance: Establishes that a contractual promise conditioned on the promisor's subjective satisfaction is not illusory, as the promisor's discretion is limited by an implied duty of good faith, which constitutes valid consideration.