L. E. Wallach, Inc. v. Toll

Opinion by

Mr. Cpiief . Justice Horace Stern,

■ The controlling facts in this case are not in dispute and tell their own story. ' They concern the rights of the corporate lessee under a clause of the lease granting it a certain option privilege to purchase the demised premises.

The. lease was dated November 13,1951. It demised the one-story store property situate at No. 6 East Lancaster Avenue, Ardmore, to be used for the sale of shoes, accessories and .surgical appliances, for the term of 10 years beginning May 1, 1952, at a rental of $425.00 a month. It contained the following provision :…