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INTERNATIONAL SPEEDWAYS, INC. v. AMAN

No. 68SC130.

161 S.E.2d 50 (1968)

1 N.C. App. 227

INTERNATIONAL SPEEDWAYS, INC., Plaintiff, v. L. G. AMAN and wife, Bernice H. Aman, Defendants.

Court of Appeals of North Carolina.

May 15, 1968.

Attorney(s) appearing for the Case

Venters & Dotson, by Carl V. Venters, Jacksonville, for plaintiff appellant.

Ellis, Hooper, Warlick & Waters, by Albert J. Ellis, Jacksonville, for defendants appellees.

CAMPBELL, Judge.

"An option in a lease, which gives the lessee the right to purchase the leased premises at any time before the expiration of the lease, is a continuing offer to sell on the terms set forth in the option, and may not be withdrawn by the lessor within the time limited. The lease is a sufficient consideration to support specific performance of the option of purchase granted therein. * * * Moreover, the real consideration in an agreement to convey land...

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