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AMOCO OIL CO. v. SNYDER

505 Pa. 214 (1984)

478 A.2d 795

AMOCO OIL COMPANY, a Maryland Corporation, Appellee, v. Ralph E. SNYDER and Ruth L. Snyder, Appellants, and Frank R. Crash.

Supreme Court of Pennsylvania.

Decided June 28, 1984.

Attorney(s) appearing for the Case

George Hardy Rowley, Greenville, for appellants.

Richard H. Martin, Baskin & Sears, Pittsburgh, for appellee.

Before NIX, C.J., and LARSEN, FLAHERTY, McDERMOTT, HUTCHINSON, ZAPPALA and PAPADAKOS, JJ.

OPINION OF THE COURT

FLAHERTY, Justice.

This is a case of first impression in this jurisdiction involving the interpretation of a lease for commercial property which contains two purchase option provisions, one in which the lessee may initiate a purchase of the property at any time during the lease for a fixed price, and the other in which the lessee, after notice of an offer made by a third party, may purchase the property at the same price and on the same...

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