Wright v. Olive

BRYAN, Circuit Judge.

In a written contract entered into between Gilbert G. Wright and J. H. Yeargan, Jr., Wright agreed to erect a theater building on a plot of ground which he owned, and contribute $60,-000 towards the cost of construction. Yeargan reserved the right to have the building constructed according to plans and specifications approved by him, and agreed to pay, upon completion of the building, any additional cost of construction. The contract further provided that, upon completion of the building, Yeargan or his assignee should have a lease for 15 years, subject to forfeiture for…