Mahsa, Inc. v. Al-Madinah Petroleum, Inc.

Adams, Judge.

This is the third appearance of this case which involves a dispute stemming from the terms of a written commercial lease executed in August 1997 under which Al-Madinah Petroleum, Inc. leased a gas station/convenience store to Mahsa, Inc. for 20 years. Although the lease obligated Mahsa to insure the property against a casualty loss, it also authorized Al-Madinah to obtain insurance if Mahsa failed to do so. It is undisputed that Mahsa did not obtain casualty insurance. In February 1998, Mahsa and its chief executive officer, Esmaeil Hassanzaheh, for reasons not relevant here,…