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MOBIL OIL CORPORATION v. WROTEN

303 A.2d 698 (1973)

MOBIL OIL CORPORATION, a corporation of the State of New York, Plaintiff, v. Jennings C. WROTEN and Beatrice D. Wroten, his wife, Defendants.

Court of Chancery of Delaware, New Castle.

March 14, 1973.

Attorney(s) appearing for the Case

James F. Kipp, Becker & Kipp, Wilmington, for plaintiff.

Clement C. Wood, Allmond & Wood, Wilmington, for defendants.

SHORT, Vice Chancellor:

Plaintiff Mobil Oil Corporation (Mobil) seeks specific performance of an agreement to lease certain real estate owned by the defendants, Jennings C. and Beatrice D. Wroten. This is the decision on Mobil's motion for summary judgment.

On October 16, 1969, the Wrotens signed an agreement to lease a tract of land to Mobil. The agreement extended to Mobil an option to accept the lease agreement within 90 days thereafter:

"23. This...

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