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BERAR ENTERPRISES, INC. v. HARMON

Docket Nos. 78-804, 78-1164.

93 Mich. App. 1 (1979)

285 N.W.2d 774

BERAR ENTERPRISES, INC. v. HARMON

Michigan Court of Appeals.

Decided October 15, 1979.

Attorney(s) appearing for the Case

Michael A. Hanna, for plaintiff.

August, Thompson, Sherr & Miller, P.C. (by Ellen J. Alter and Irving A. August), for First National Bank in Howell.

Before: DANHOF, C.J., and V.J. BRENNAN and H.R. CARROLL, JJ.

DANHOF, C.J.

In 1968, principal defendant Intermar of Michigan entered into a lease-option agreement with Stewart and Elsie Earle, the owners of a large vacation resort in Schoolcraft County, Michigan, called Blaney Park. The agreement afforded Intermar a lease on 13,500 acres of the resort and an option to purchase that acreage during the term of the lease until January 1, 1971. Intermar also purchased outright 3,000 acres of the resort area from the Earles.

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