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CORRIVEAU v. 3005 INV. CORP.

No. 13-85-075-CV.

697 S.W.2d 766 (1985)

David O. CORRIVEAU, et al., Appellant, v. 3005 INVESTMENT CORPORATION, et al., Appellee.

Court of Appeals of Texas, Corpus Christi.

Rehearing Denied September 19, 1985.

Attorney(s) appearing for the Case

Carl David Adams, Dallas, Charles Darwin Davidson, Little Rock, Ark., for appellant.

Michael H. Collins, Dallas, for appellee.

Before NYE, C.J., and DORSEY and BENAVIDES, JJ.

OPINION

DORSEY, Justice.

This is an appeal from a judgment which held that the language in an option clause providing that the price of the land would be "based on an MAI appraisal" meant that the appraisal would be a "starting point for calculation of the option purchase price."

In 1981, appellants leased a parking lot from appellees. The lease contained the following purchase option clause:

35c. It is understood and agreed that Landlord...

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