Amoco Oil Co. v. London

FINDINGS OF FACT, RULINGS OF LAW and ORDER FOR JUDGMENT

This case involves an interpretation of a certain lease1 containing dual purchase options to determine whether the plaintiff should be permitted to exercise the fixed price option under that lease. The plaintiff seeks specific performance of the lease to compel the defendants to convey the property to plaintiff in exchange for $110,000.00. The defendants present a number of defenses,2 primarily arguing that the dual purchase options in the lease create an ambiguity and that the lease terms are unconscionable. The defendants pray for a…