Stude v. Madzo

VOGEL, Judge.

These two actions are interrelated and were consolidated for trial.

*7Madzo and his former wife owned about 2,200 acres of ranch land near Médora, in Billings County. They leased it in 1966 to Stude, with an option to buy at whatever price and terms the Madzos agreed on with any other party, an “option of first refusal,” as the parties call it.

The option provision of the lease reads:

“In the event lessors intend to sell . . . lessee shall have the option to match any offer communicated to him by lessors, within thirty (30) days . according to the same terms of the offer communicated…