Barnett v. Buchan Baking Co.

Ringold, A.C.J.

—Joe and Joyce Barnett operated a restaurant in a partnership with Howard and Sandra Jones. The partnership leased a building from Buchan Baking Company. The dispute on appeal presents the issue of whether Barnett or Jones properly exercised an option contained in the lease to purchase the building. After a bench trial, the trial court rendered judgment for Buchan, concluding neither Barnett nor Jones validly exercised the option prior to its termination. Both Barnett and Jones appeal.

On August 9, 1976, Buchan leased a restaurant building for a term of 25 years to Barnett and…