United Oil Refining Co. v. Larkins

Plaintiff is assignee of the lessee in a lease of a parcel of land in Detroit. An option to purchase was an integral part of the lease. It filed bill for specific performance of the option and was met by the defense that the lease and option had been canceled and surrendered. Defendant had decree. Plaintiff has appealed.

In November, 1924, MacDonald owned or controlled all of the capital stock of plaintiff company, which conducted a number of oil stations which it possessed under several leases. Its most valuable asset was the lease and option first mentioned. It was insolvent. MacDonald…