Kass Realty Company, Inc. v. Stanley Company of America

WILBUR K. MILLER, Circuit Judge.

Kass Realty Company sued Stanley Company of America for damages in the sum of $250,000 because of an alleged breach by Stanley of a contract between them executed December 12, 1944. By the terms of the agreement Kass was to erect a theatre on a Mae-Arthur Boulevard site and upon its completion Stanley was to lease it for a term of twenty years. Kass alleged it had acquired the site prior to the execution of the contract in reliance on Stanley’s agreement to lease the theatre. It alleged also that it commenced construction in March, 1945, but stopped work when…