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ELECTRA AD SIGN v. CEDAR RAPIDS TRUCK CENTER

No. 66526.

316 N.W.2d 876 (1982)

ELECTRA AD SIGN COMPANY, INC., n/k/a Electra Sign Company, Appellee, v. CEDAR RAPIDS TRUCK CENTER, Appellant.

Supreme Court of Iowa.

March 17, 1982.

Attorney(s) appearing for the Case

Tim A. Estlund of Wenzel, Piersall, Riccolo, Baker & Estlund, Cedar Rapids, for appellant.

James E. Bobenhouse, Cedar Rapids, for appellee.

Considered by LeGRAND, P. J., and HARRIS, ALLBEE, LARSON, and SCHULTZ, JJ.

SCHULTZ, Justice.

In 1973 defendant, Cedar Rapids Truck Center, Inc. (Truck Center), entered into a ten-year lease agreement with plaintiff, Electra Ad Sign Company, Inc. (Electra), for a billboard advertisement located near Truck Center's place of business. In 1975 the lease agreement was modified to allow Truck Center to suspend rental payments for a period of six months. The modification agreement provided that the suspended payments, totaling $2,280, could be...

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