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eBook details

• Title: Texaco, Inc. v. Rogow
• Author : Supreme Court of Connecticut
• Release Date : January 08, 1963
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 49 KB

Description

The plaintiff, Texaco, Inc., sought specific
performance of a contract to sell certain premises
leased to it by the defendant. It claimed to have
exercised, at a price of $16,000, an option to
purchase which was contained in the lease. The
defendant, in his answer and counterclaim, denied
that the plaintiff had any right to exercise any
option at $16,000, alleged that the plaintiff had
in fact exercised an option to purchase the premises
for $44,000, and sought, by way of counterclaim,
specific performance of the plaintiff's alleged
agreement to purchase the property at the latter
figure. Judgment was rendered for the defendant
on the complaint and for the plaintiff on the
counterclaim, and each party has appealed. On March 14, 1940, the defendant, through a
corporation controlled by him, leased to the Texas
Company, a forerunner of the plaintiff, certain
premises in East Hartford on which the lessor, in
accordance with the provisions of the lease, built
a gasoline service station at a cost of about
$12,000. The 1940 lease ran for a term of ten years
beginning May 1, 1940, and gave the lessee an option
to purchase the premises for $16,000. The present
parties,on September 27, 1950, entered into a new
[150 Conn. 403]

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