FIRST N. BK., LITTLE ROCK v. NORTH LITTLE ROCK, ETC.

No. 75-46.

523 S.W.2d 918 (1975)

FIRST NATIONAL BANK IN LITTLE ROCK et al., Appellants, v. NORTH LITTLE ROCK FUNERAL HOME, INC., Appellee.

Supreme Court of Arkansas.

June 9, 1975.


Attorney(s) appearing for the Case

Homer Tanner, North Little Rock, for appellants.

Davidson, Plastiras & Horne, Ltd., by Allan W. Horne, Little Rock, for appellee.


GEORGE ROSE SMITH, Justice.

This dispute arises from a written lease which contained two different options entitling the lessee to purchase the leased premises from the lessors. The lessee (the appellee) brought suit for specific performance, asserting its right to exercise the first option in the lease, under which the purchase price would be $75,000. The lessors contended that the lessee could exercise only the second option, under which the purchase price would...

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