Legal Opinion
Corner Associates v. WR GRACE & COMPANY-CONN.
District Court, E.D. Virginia
Decided December 30, 1997No. Civil Action 97-1848-APublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION
BRINKEMA, District Judge.
Before the Court is defendant’s Motion to Dismiss or, in the Alternative, for Summary Judgment, which presents the question of whether a lessee, when it assigns its rights and obligations under a lease but remains liable thereunder, becomes a surety for the obligations of its assignee. The issue is one of first impression in Virginia.
I. Factual Background
This action involves a lease agreement entered into on July 15, 1983, by The Corner Associates (“Corner”), as landlord, and W.R. Grace & Co. (“Grace”), as tenant, for premises located in the Seven…
2Cases cited15 opinions
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- First Virginia Bank-Colonial v. BakerSupreme Court of Virginia · 1983
- Mitchell's, Inc. v. FriedmanTexas Supreme Court · 1957
- Samuels v. OttingerCalifornia Supreme Court · 1915
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