Catawba Athletics, Inc. v. Newton Car Wash, Inc.

MORRIS, Chief Judge.

The major question presented for review is whether plaintiff gave timely notice of its intention to exercise its option to purchase the property in question. To answer this question requires construction of the contract. The pertinent portions of the lease and option to purchase provide:

I. This lease and option shall begin as of the date hereof and, unless sooner terminated as herein provided, shall exist and continue until the 30th day of April, 1978.

IX. The Tenant is hereby given the option to purchase the leased property owned by the Landlord at any time during the term…