Legal Opinion
Valley Fidelity Bank & Trust Co. v. Cain Partnership, Ltd.
Court of Appeals of Tennessee
Decided July 21, 1987PublishedCited by 14 opinions
1Opinion of the Court
OPINION
FRANKS, Judge.
In this declaratory judgment action, the dispute centers around whether under the terms of a lease agreement the trustee is required to collect $24,000.00 or $75,000.00 in annual rent from the partnership 1 for the trust. 2
The disputed lease is dated April 27, 1973, and was made prior to the death of Lillie Mae Cain, who leased all of her interest in her real estate holdings to the Cain Partnership, Ltd. As originally drafted, the lease provided for an annual rental of $75,000.00, payable in quarterly increments of $18,750.00.
The first quarterly installment was due on…
2Cases cited7 opinions
- Hinton v. RobinsonCourt of Appeals of Tennessee · 1962
- Wagner v. FrazierCourt of Appeals of Tennessee · 1986
- Osborne Co. v. BakerCourt of Appeals of Tennessee · 1951
- Bagley & Co. v. Union-Buffalo Mills Co.Court of Appeals of Tennessee · 1928
- Trotter v. PetersonTennessee Supreme Court · 1933
2 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Webber v. State Farm Mutual Automobile Insurance Co.Tennessee Supreme Court · 2001
- Sacred Heart Health Systems, Inc. v. Humana Military Healthcare Services, Inc.Court of Appeals for the Eleventh Circuit · 2010
- United States Textiles, Inc. v. Anheuser-Busch Companies, Inc. And Busch Entertainment CorporationCourt of Appeals for the Seventh Circuit · 1990
- Moody Realty Co., Inc. v. HuestisCourt of Appeals of Tennessee · 2007
- Brandon v. WrightCourt of Appeals of Tennessee · 1992
9 more not listed; retrieve them via the Exa API.