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CARMICHAEL v. DAN NANCE CORPORATION

21166

274 S.C. 357 (1980)

264 S.E.2d 601

A. E. CARMICHAEL, Jr., Appellant, v. The DAN NANCE CORPORATION, Philip Gray; John H. Nance; Donnie W. Nance, Jr.; Sarah N. Watts; Evelyn Benton; Virginia N. Cooper; Thomas E. Nance; Mamie Nance; Marjorie N. Benton; Ester N. Gray; and Gertrude N. Hayes, Individually and as liquidating trustees of the Dan Nance Corporation, Respondents.

Supreme Court of South Carolina.

March 6, 1980.

Attorney(s) appearing for the Case

James P. Stevens, of Stevens, Stevens & Thomas, Loris, and Benny R. Greer, of Greer & Milling, Darlington, for appellant.

Howell V. Bellamy, Jr., of Bellamy, Rutenberg, Copeland, Epps, Gravely & Bowers, Myrtle Beach, for respondents.

March 6, 1980.

LEWIS, Chief Justice:

The basic question in this appeal is whether appellant properly exercised his option to renew a lease of real estate. The lower court held that appellant failed to exercise the option to renew the lease and denied his request for specific performance. Appeal is from that order.

On October 9, 1962, a lease agreement was entered into between Phillips Petroleum Company, as Lessee, and Dan W. Nance and his wife, as...

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