Cook v. McArthur

The owners of a certain store building entered into a written agreement, termed a “lease contract,” with a corporation and an individual, whereby the premises were “rented and leased” for a period of nine years at a fixed monthly rental. The contract provided that the lessees would pay for all repairs, and that the lessors should “not be liable for any expense whatever on, in, or about the premises except for State, county, and municipal taxes and fire insurance on building;” that in case of bankruptcy or insolvency proceedings involving the lessees, the lessors at their option might declare…