First National Bank of Oregon v. Mobil Oil Corp.

This is a proceeding under ORS 27.010 for the submission of a controversy for decision by the trial court, without a jury, based upon an agreed statement of the case. Plaintiff appeals from an adverse judgment.

The controversy involves the interpretation of the prolusions of a lease. More particularly, the question is whether defendant gave timely notice to renew the lease in accordance with a provision which required that such notice be given “at least 30 days prior to the expiration of the then current term.” ①

The expiration date of the lease was April 30,1974. The 30th day prior to that…