Marathon Oil Co. v. Rone

LATTIMORE, Justice. ‘

A. W. Rone leased a filling station to the Three D’s Products Distributors in May, 1930, for two years. During the existence of this lease the Three D’s gave appellant an option on all its properties, including this lease, such option to expire December 1, 1930. Believing this option would be exercised, the Three D’s executed an assignment of this lease to appellant. The option was extended to December 6, 1930, and one of the specifications required by appellant was that this lease be extended five years. Three D’s procured this extension to itself at an. advanced rental…