Tecklenburg v. Washington Gas & Electric Co.

Belle O. Bray ton was the owner of business property in Everett, Washington. She had leased it to the Washington Gas & Electric Company for a rental of $250 per month. During the term of the lease, the lessee had subjected itself to the jurisdiction of the bankruptcy court in the state of New York and a trustee had been appointed.

In 1943, respondents entered into negotiations with the lessor to renew their lease for a term of five years, commencing January 1,1944, at a rental of $125 per month. The lease was subsequently executed. Some time thereafter, the lessor was adjudicated to be…