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TEXACO, INC. v. CREEL

No. 381PA82.

314 S.E.2d 506 (1984)

310 N.C. 695

TEXACO, INC. v. George E. CREEL, Graham R. Creel and Lorene G. Brame.

Supreme Court of North Carolina.

April 30, 1984.

Attorney(s) appearing for the Case

Newitt, Bruny & Koch by John G. Newitt, Jr., and Roger H. Bruny, Charlotte, for defendants-appellants.

Newsom, Graham, Hedrick, Murray, Bryson, Kennon & Faison by Josiah S. Murray, III and Joel M. Craig, Durham, for plaintiff-appellee.

EXUM, Justice.

This is an action for specific performance of a fixed price option provision in a lease. The determinative issue is whether plaintiff, as defendants' lessee, is entitled to specific performance. We conclude plaintiff is so entitled and affirm the Court of Appeals.

On 9 September 1949, the Texaco Company, plaintiff's predecessor in interest, leased from Thomas and Inez Pendergraft, defendants' predecessors...

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