Hancock Bank & Trust Co. v. Shell Oil Co.
365 Mass. 629, 309 N.E.2d 482
Nature of the Case
To access this section all you need to do is click here and register.
Facts
Shell (D) signed a lease that allowed D to terminate with 90 days notice and gave D a primary 15-year lease with an option to renew for another 15 years. The lease provided for a fixed monthly rental, obligated D to make minor repairs, and to reimburse P for any amount by which the general taxes on the premises allocable to any full year of the term exceeded $525. The Bank (P) acquired the lease at a public auction following foreclosure against the lessor. P sued D to void the lease under its lacking mutuality. The trial court issued a summary judgment to D. P appealed.
Support@ bsmsphd.com
Casebriefs Co