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BRICK PLAZA, INC. v. HUMBLE OIL & REFINING CO.

218 N.J. Super. 101 (1987)

526 A.2d 1139

BRICK PLAZA, INC., A NEW JERSEY CORPORATION, PLAINTIFF-APPELLANT, v. HUMBLE OIL & REFINING COMPANY, A DELAWARE CORPORATION; EXXON COMPANY, U.S.A., A DELAWARE CORPORATION; MARGARET A. LANDOLFO AND ANGELA M. LANDOLFO, INDIVIDUALLY AND AS TRUSTEE, DEFENDANTS-RESPONDENTS.

Superior Court of New Jersey, Appellate Division.

Decided June 10, 1987.

Attorney(s) appearing for the Case

Christine D. Petruzzell argued the cause for appellant (Wilentz, Goldman & Spitzer, attorneys; Christine D. Petruzzell of counsel and on the brief).

James D. Carton, III argued the cause for respondent (Carton, Nary, Witt & Arvanitis, attorneys; James D. Carton, III on the brief).

Before Judges ANTELL, BRODY and D'ANNUNZIO.

The opinion of the court was delivered by, ANTELL, P.J.A.D.

On July 24, 1967 plaintiff agreed to lease from defendant Humble Oil & Refining Company (hereinafter referred to as Exxon) two parcels of vacant land in Brick Township. The lease was to run from September 1, 1967 to September 30, 1986. It also granted plaintiff an option to purchase the premises for $80,000. Plaintiff's right to purchase was expressly...

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