Lott v. DOUGLAS OIL PURCHASING CO., INC.

In their complaint, plaintiffs sought a judgment declaring that the lease between plaintiffs and defendants had effectively been extended by the acts of the parties. After a jury trial, the trial court entered a directed verdict for plaintiffs/lessees, declaring that the lease "was effectively extended for an additional ten-year term following the expiration of the primary term on December 14, 1983, and is in full force and effect." The lessors' primary arguments against this judgment are that they did not waive the lease's requirement of written notice of extension and that the lease's…