Holt v. Stofflet

On June 30, 1948, the defendants and appellees, Lawrence M. and Patricia Stofflet, leased a restaurant and residence in Marshall, Michigan, for a period of 3 years to George M. and Dorothy E.. Holt, plaintiffs and appellants. Included in the lease was an option to purchase, as follows:

“The parties of the first part hereby give unto-the parties of the second part an option to purchase-the said premises for the sum of $10,000 upon the-written request of the second parties made at anytime within 1 month of the expiration of the said lease term. If the said second parties should elect to exercise…