Farber v. Dewey-Davis Estate, Inc.

McQUADE, Justice.

This is an action for specific performance, or, in the alternative, damages, for breach of an option agreement for lease of real property.

Defendant corporation owns certain business property in Nampa, Idaho. The parties hereto entered into an agreement November 6, 1959, by which plaintiffs duly acquired a 30-day option to lease such property.

The option, after setting forth names of the parties, the consideration, and a description of the property, provides :

“ * * * The lease term to be for fifty years, $500.00 rental per month, net to the grantor, with an option for a renewal…