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PRICHARD v. CLAY

No. S-3038.

780 P.2d 359 (1989)

H.A. "Bing" PRICHARD and Sherry Dale Prichard, Appellants, v. Robert L. CLAY and Cherie Anderson, d/b/a C.A.C. Partnership, Appellees.

Supreme Court of Alaska.

September 15, 1989.

Attorney(s) appearing for the Case

Joseph N. Barcott, Anchorage, for appellants.

Paul W. Waggoner, Anchorage, for appellees.

Before MATTHEWS, C.J., and RABINOWITZ, BURKE, COMPTON and MOORE, JJ.

OPINION

MOORE, Justice.

I.

In September 1983, Robert L. Clay and Cherie Anderson (hereafter singularly and collectively "Clay") leased a commercial parcel in Fairbanks from William D. Sexton and Beverly A. Sexton. The 20-year lease contemplated the construction of a fast food restaurant. Taco Bell and Pizza Hut also had leased nearby parcels from the Sextons, so paragraph 6 of the Clay-Sexton lease provided...

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