Phillips Co. v. Wagner

Under date of August 21, 1928, Moore Pipe & Sprinkler Company entered into a written contract with one Michael Schlossberg by which it was' agreed between Schlossberg, as fee simple owner of a building and land upon which it stood, and the sprinkler company, that the sprinkler company would cause to be installed and leased to Schlossberg for a term of 48 months', a system of automatic fire sprinkler in the building owned by Schlossberg.

Pertinent provisions of the contract, in addition to the formal installation terms of the agreement, were: (1) that Schlossberg would pay an aggregate rental…