As we explain infra, we have concluded that pursuant to sections 15 of the Civil Code, fn. ![]() ![]() The sole issue confronting us in this case is whether, absent any provisions in the option contract to the contrary, a written notice by the optionee of his exercise of an option is effective upon its deposit in the mail or only upon its receipt by the optionor. (Opinion by Sullivan, J., expressing the unanimous view of the court.) ![]() PALO ALTO TOWN & COUNTRY VILLAGE, INC., Plaintiff and Appellant, v.
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