Shell Oil Co. v. Blumberg

HOLMES, Circuit Judge.

This is an action (1) for a declaratory judgment construing a leasing agreement that included an option to purchase the realty leased, (2) for specific performance of the contract, and (3) to set aside a sale of the property leased. The questions raised on appeal require an interpretation of the following provisions in said lease contract:

“Lessee is hereby given an option to purchase the above described premises during the term of this lease or any renewal period, for the sum of Ten Thousand Dollars ($10,000.00). Lessee agrees, in the event it desires to exercise said…