Crown Central Petroleum Corporation v. Port Oil Co. (Formerly Hewitt Oil Marketing Co.)

ALBERT V. BRYAN, Circuit Judge.

This is a contract controversy between Crown Central Petroleum. Corporation, a supplier of petroleum products, and Port Oil Company, its South Carolina distributor.

In this relationship Crown from time to time took from Port seventeen leases for filling station sites and immediately executed lease-backs to Port. Port assigned the rent payable by Crown under each lease to Charleston banks to secure their loans to Port for erection of the stations. Crown thereupon accepted the assignment. Additionally, by a distributor agreement Port promised for a fixed period to…