Legal Opinion

American Oil Company v. Rasar

Tennessee Supreme Court

Decided December 6, 1957PublishedCited by 17 opinions

1Opinion of the CourtJustice Burnett

The question for determination in this lawsuit is: Did the Oil Company, as the assignee under a registered assignment from the lessee, properly exercise its rights to an option as given under the said lease contract for a renewal of said contract for the first five-year renewal period?

On March 2, 1950, one Myers and wife who were the owners of a tract of land in Carter County, Tennessee, leased this to Pan-Am Southern Corporation. On January 31,1957, the Pan-Am Southern Corporation assigned this lease to the American Oil Company, complainant herein. On June 22, 1950, Myers and wife sold a…

2Cases cited4 opinions

  1. Jones v. HornerCourt of Appeals of Tennessee · 1953
  2. Hinchman v. City Water Co.Tennessee Supreme Court · 1943
  3. Kentucky Home Mut. Life Ins. Co. v. RogersTennessee Supreme Court · 1954
  4. Noles v. Winn Oil Co. Inc.Court of Appeals of Tennessee · 1947

3Cited by17 opinions

  1. Andrews v. BlakeArizona Supreme Court · 2003
  2. Norton v. McCaskillTennessee Supreme Court · 2000
  3. SDG MacErich Properties, L.P. v. Stanek Inc.Supreme Court of Iowa · 2002
  4. United States v. 0.35 of an Acre of Land, More or Less, Situated in Westchester CountyDistrict Court, S.D. New York · 1988
  5. Southern Region Indus. Realty, Inc. v. Chattanooga Warehouse and Cold Storage Co., Inc.Court of Appeals of Tennessee · 1980

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