Henderson v. Nitschke

McCLOUD, Chief Justice.

Under the terms of a lease Chevron Oil Company, lessee, was given the “prior right, to he exercised by it or by its nominee, to buy the * * * leased premises.” Paragraph 10 of the lease further provided, “If Lessor receives from a third party an acceptable bona fide offer to buy such property, Lessor shall forthwith give Lessee written notice thereof together with a copy of such offer. Lessee or its nominee shall have sixty (60) days from the receipt of such notice and offer to buy such property at the terms of such offer relating to such property * * * If Lessee or its…