Wisser Oil Co. v. Ganfrank Holding Corp.

At the times hereinafter mentioned the defendant corporation was the owner of a certain tract of land located in Garden City, Long Island. One Francis J. Mulgannon owned all the stock of the corporation. On October 20, 1932, the corporation leased a portion of the above tract of land to plaintiff for a period of twenty-one years effective as of November 1, 1932. Subsequent to the execution of the agreement, the tenant entered into possession and fitted the premises for use and occupancy as a gasoline station.

Among other things the lease provided that “ the tenant agrees to pay all taxes and…