Campbell Paint & Varnish Co. v. Ladd Furniture & Carpet Co.

LATTIMORE, Justice.

Appellee held a five-year lease from appellant, terminating on April 1, 1929, with an option to renew' for an additional five years. In January, 1929, Ladd, president of appellee, approached Heston, Fort Worth manager for appellant, which is a Missouri corporation wjth many retail stores scattered through various states, and told him appellee would not claim the tenancy under the option, and in March offered to Heston to rent from month to month ah the same price. To this Heston agreed, and appellee remained in possession for more than a year, finally vacating.

The issue…