G.M. BATTERY & BOAT CO. v. L.K.N. CORP.

No. 69427.

747 S.W.2d 624 (1988)

G.M. BATTERY & BOAT COMPANY, Plaintiff-Amicus Curiae, v. L.K.N. CORPORATION, Defendant-Cross-Claimant/Respondent, St. Paul Fire & Marine Insurance Company, Defendant-Cross-Defendant/ Appellant.

Supreme Court of Missouri, En Banc.

Rehearing Denied April 19, 1988.


Attorney(s) appearing for the Case

Laura B. Allen, Edward S. Meyer, St. Louis, for defendant-cross-appellant.

Richard Bumb, Michael J. McAvoy, Fenton, for defendant-cross-respondent.

Bryan L. Hettenbach, St. Louis, for plaintiff-amicus curiae.


BLACKMAR, Judge.

LKN Corporation (LKN) leased a commercial building from G.M. Battery and Boat Co. (GMB) for a term of two years commencing March 1, 1982 at a rental of $1,500 per month. The lease granted the lessee an option to purchase the property during the term for $145,000 with a credit on the purchase price of one-half of the rental paid during the second year. The lease also contained the following provision:

No. 11. Insurance. Tenant agrees...

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