Bridges v. Jeffrey

WILLIAMS, Judge.

The question in this case is whether the lessees (appellees) had the right to exercise an option to purchase leased property under the terms of a lease agreement. The Mc-Cracken Circuit Court, in a summary judgment, held that they did and ordered the property transferred. The lessors (appellants) have appealed.

On December 31, 1963, appellants and ap-pellees entered into a written lease agreement of a restaurant, equipment and fixtures for a one-year term. Appellees had the option to renew the lease provisions for three additional and successive one-year terms by giving notice…