R. I. Realty Co. v. Terrell

The complaint alleges that the defendant executed a lease to the plaintiff’s assignor who went into possession of the premises leased and thereafter assigned the lease to the plaintiff corporation. The lease contained a clause which reads: “ Said party of the second part is given first privilege to buy said property for the ■ sum of ($14,000.00) Fourteen thousand Dollars.” The plaintiff notified the defendant that it elected to exercise the option to purchase. The defendant refused to convey the premises. This action is to recover damages suffered by the plaintiff by reason of the defendant’s…