T. M. Oil Co. v. Barnes

NICHOLS, Justice.

This appeal taken by the Defendants, Lawrence D. Barnes and Aldona A. Barnes, arises out of a declaratory judgment action commenced in Superior Court in Cumberland County on April 19, 1978 in which action the Plaintiff, T. M. Oil Company, sought to determine its rights under a lease agreement entered into in April, 1962, between its predecessor-in-interest, Sun Oil Company, and the Defendants. At issue is the Plaintiff’s right to exercise an option granted under the lease agreement to purchase the service station which was the subject of that agreement. The result hinges upon…