Speedway Realty Co. v. Grasshoff Realty Corp.

This case comes to use on petition to transfer from the Appellate Court. [For Appellate Court opinion see Speedway Realty Company v. Grasshoff Realty Corp. (1965), 206 N. E. 2d 632.]

The appellee Herbert F. Grasshoff rented certain real estate from the appellant Lemon H. Trotter beginning in 1940. Over a period of years, a drive-in restaurant was operated on the rented premises. In about 1955, the appellee and the appellants started discussing arrangements concerning some additional land, a new building, and a 99 year lease arrangement. In the negotiations, there were discussions about the…