Hancock Bank & Trust Co. v. Shell Oil Co.
365 Mass. 629, 309 N.E.2d 482
Holding & Decision
The court's holding and decision will be displayed here.
Nature Of The Case
This section contains the nature of the case and procedural background.
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.
Issues
The legal issues presented in this case will be displayed here.
Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
© 2007-2025 ABN Study Partner