Laupahoehoe Sugar Co. v. Lalakea

OPINION OF THE COURT BY

PERRY, J.

This is a suit in equity for the specific performance of a contract to renew a lease. On November 10, 1911, one T. K. Lalakea executed a lease to the Laupahoehoe Sugar Company, an Hawaiian corporation, the petitioner herein, of certain lands for the period of five years ending November 5, 1919, for a consideration of $8000 as rent for the full period of the lease. By that lease the lessor covenanted, inter alia, that “the said lessee in consideration aforesaid shall have the right, at its option at any time before the expiration of the said term hereby created,…