VALLEY FIDELITY BANK v. CAIN PARTNERSHIP


738 S.W.2d 638 (1987)

VALLEY FIDELITY BANK AND TRUST COMPANY, Plaintiff and Counter-Defendant-Appellee, v. The CAIN PARTNERSHIP, LTD., and Project Development Corporation, Defendants-Appellees, and Geneva M. Cain Anderson, Mary Helen Cain Harkins and Jennie B. Cain Corum Miller, Defendants-Counter-Plaintiff-Appellants.

Court of Appeals of Tennessee, Eastern Section.

Permission to Appeal Denied October 5, 1987.


Attorney(s) appearing for the Case

Larry J. Parrish, Parrish & Mulrooney, P.C., Memphis, for defendants-counter-plaintiffs-appellants.

W'm C. Wilson, Ambrose, Wilson, Grimm & Durand, Knoxville, for plaintiff-counter-defendant-appellee, Valley Fidelity Bank & Trust Co.

William C. Myers, Jr., Wagner, Myers & Sanger, P.C., Knoxville, for defendants-appellees, The Cain Partnership and Project Development Corp.


Permission to Appeal Denied by Supreme Court October 5, 1987.

OPINION

FRANKS, Judge.

In this declaratory judgment action, the dispute centers around whether under the terms of a lease agreement the trustee is required to collect $24,000.00 or $75,000.00 in annual rent from the partnership1 for the trust.2

The disputed lease is dated April...

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