Dennis E. Walters and Betty L. Walters, D/B/A Denny's Food Mart, Plaintiffs v. Marathon Oil Company, an Ohio Corporation

SPEARS, District Judge.

This action arose as a result of the Iranian revolution and the uncertainty of oil supplies. Marathon Oil Company, the appellant, is engaged in the business of reselling and distributing petroleum products. The appellee, Dennis E. Walters, contacted appellant in late December, 1978, about the possibility of locating a combination food-store and service station on a vacant gasoline service station site in Indianapolis. Appellees (husband and wife) purchased the service station in February, 1979, and continued to make improvements upon it, based upon promises made, and…