YU v. STEPHENS

1900998.

591 So.2d 858 (1991)

Hwa Young YU v. Jerriel B. STEPHENS, et al.

Supreme Court of Alabama.

December 27, 1991.


Attorney(s) appearing for the Case

Susan A. McMillan of Berry, Ables, Tatum, Little & Baxter, P.C., Huntsville, for appellant.

Stuart M. Maples of Bradley, Arant, Rose & White, Huntsville, for appellees.


INGRAM, Justice.

This case concerns the interpretation of a lease agreement containing an option-to-purchase provision. The trial court found that § 6.03 of the agreement "unambiguously states a formula for the calculation of the Option Purchase Price, namely a formula based upon $460,000 amortized over twenty years at 12.5% interest." Based on this formula, the trial court found that all rental payments made during the term of the lease should be credited against...

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