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JENKINS TOWEL SERV. v. TIDEWATER OIL CO.

422 Pa. 601 (1966)

Jenkins Towel Service, Appellant, v. Tidewater Oil Company.

Supreme Court of Pennsylvania.

September 27, 1966.

Attorney(s) appearing for the Case

Samuel Kagle, with him Oscar Brown, for appellant.

Frederick L. Fuges, with him MacCoy, Evans & Lewis, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. JUSTICE O'BRIEN, September 27, 1966:

Appellant, Jenkins Towel Service, Inc., was the owner of certain real estate situate at the corner of Eleventh and Vine Streets in the City of Philadelphia. It entered into a purchase option agreement covering this real estate with appellee, Tidewater Oil Company. After one extension of the termination date of the option and a reduction in the purchase price, appellee exercised its option to purchase and the option...

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