Stevenson v. Dersam

Opinion by

Mr. Justice Sadler,

The Stevensons and Kepler, owners of a hotel property in the City of New Castle, on December 15, 1915, leased it to Dersam for a period of ten years, and he took possession. On March 3, 1922, the lessors entered into an *415agreement to sell the premises to Smith, one of the plaintiffs, and to him the lease was assigned. It was then discovered that the tenant, on October 16,1919, had transferred his rights in the property to the Leslie Corporation, nominally as agent for the purpose of operation. The transaction took the form adopted, because of the inability to…