Basler v. Warren

MURRAH, Circuit Judge.

On March 15, 1944, Basler and Warren entered into a written rental agreement, whereby Basler agreed to rent a large piece of construction machinery to Warren for a period of one year at an agreed rental of $2,500 for the first three months, $2,000 for the second three months, and $1,500 for the last six months.

This lawsuit involves the construction and effect of the option provision in the agreement, which provides: “It is further hereby understood and agreed that at least thirty days before the expiration of twelve (12) months from the date of this agreement and…