Sterrett Enterprises, Inc. v. Yankee Chapman, Inc.

This case is an appeal from a judgment for breach of contract. In 1966 the defendant, The Yankee Chapman, Inc. (Yankee), entered into a long term lease with I.V.O.W. Corporation (I.V.O.W.) for the rental of a bowling alley in a shopping plaza. The lease prohibited Yankee from assigning the lease or subleasing the premises without I.V.O.W.’s written consent, which was not to be unreasonably withheld.

On September 3, 1976, Yankee agreed to sell the assets of the bowling alley to Clyde and Leona Sterrett (who subsequently formed Sterrett Enterprises, Inc.). The sale agreement stated that…