GULF OIL CORP. v. BURAM REALTY CO.


11 N.Y.2d 223 (1962)

Gulf Oil Corporation, Appellant, v. Buram Realty Company, Inc., Respondent.

Court of Appeals of the State of New York.

Decided April 26, 1962.


Attorney(s) appearing for the Case

Maurice P. O'Brien for appellant.

A. E. Gold for respondent.

Chief Judge DESMOND and Judges DYE, FULD, FROESSEL, VAN VOORHIS and FOSTER concur.


BURKE, J.

The question to be answered is whether a purchase option clause in a lease which could be exercised "at any time during the term of this lease" became part of 22 successive extension agreements which were entered into after the expiration of the original term of the lease as amended.

The courts below have properly held that it did not.

The last extension agreement, just as each of the...

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