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GULF REFINING COMPANY v. BELZ

315 S.W.2d 403 (1958)

GULF REFINING COMPANY, Appellee, v. Philip BELZ and Sarah Belz, Appellants.

Supreme Court of Tennessee.

July 11, 1958.

Attorney(s) appearing for the Case

Shepherd, Heiskell, Williams, Beal & Wall and Al H. Thomas, Memphis, for appellants.

Cooper Turner, Jr., and Canada, Russell & Turner, Memphis, for appellee.

TOMLINSON, Justice.

As a part of the consideration for the lease by Gulf Refining Company of a gasoline filling station, etc., Mr. and Mrs. Belz, who were the owners of the leased property, gave the Gulf Refining Company an option to purchase this realty within the time and on the terms specified in the option. The Gulf Refining Company gave written notice of its election to exercise this option. Mr. and Mrs. Belz refused to convey on the insistence that the option...

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