Summa Corp. v. Richardson

OPINION

By the Court,

Batjer, C. J.:

Appellant Summa Corporation brought suit against respondents for specific performance of options to purchase contained in two leases executed by respondents and subsequently assigned to Summa by Shelam Incorporated, the original lessee. After the parties filed cross-motions for summary judgment, the district court entered its order granting respondents’ motion and denying appellant’s. Because Summa was entitled to exercise the options and properly did so, respondents’ summary judgment must be reversed.

On June 15, 1965, respondents leased two parcels of land,…