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MIZELL v. GREENSBORO JAYCEES-GREENBORO JUNIOR CHAMBER OF COMMERCE, INC.

No. 9118SC242.

412 S.E.2d 904 (1992)

105 N.C. App. 284

Kenneth F. MIZELL, Plaintiff, v. GREENSBORO JAYCEES-GREENBORO JUNIOR CHAMBER OF COMMERCE, INC., Defendant and Third-Party Plaintiff, v. CONEX PARTNERSHIP, a North Carolina General Partnership consisting of Jacob H. Froelich, Jr., J. Hyatt Hammond, George W. Lyles, Jr., and Robinson O. Everett, Third-Party Defendant.

Court of Appeals of North Carolina.

February 4, 1992.

Attorney(s) appearing for the Case

Carruthers & Roth, P.A. by Richard L. Vanore and Barbara L. Curry, Greensboro, for plaintiff-appellant.

Nichols, Caffrey, Hill, Evans & Murrelle by Richard L. Pinto and Gregory A. Stakias, Greensboro, for defendant and third-party plaintiff.

Hugh C. Bennett, Jr., High Point, for third-party defendant Conex Partnership.

LEWIS, Judge.

The facts are undisputed. On 1 October 1980, Southern Life Insurance Company conveyed land located at 332 South Greene Street (headquarters) in Greensboro, North Carolina to the defendants, the Jaycees and Junior Chamber of Commerce (Jaycees). The deed contained the following reservation of a right to Southern Life:

If at any time prior to the 25th anniversary of this conveyance to the Grantee [Jaycees], the Grantee should receive a ...

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