Gulf Theatres, Inc. v. Guardian Life Insurance Co. of America

26 So. 2d 188, 157 Fla. 428, 1946 Fla. LEXIS 760
CourtSupreme Court of Florida
DecidedMay 21, 1946
StatusPublished
Cited by10 cases

This text of 26 So. 2d 188 (Gulf Theatres, Inc. v. Guardian Life Insurance Co. of America) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gulf Theatres, Inc. v. Guardian Life Insurance Co. of America, 26 So. 2d 188, 157 Fla. 428, 1946 Fla. LEXIS 760 (Fla. 1946).

Opinion

BUFORD, J.:

Appellant filed in the court below its amended bill of complaint in which it alleges that on or about the 23rd day of April, 1936, the defendant owned certain described real estate in Hillsborough County and that prior to that plaintiff and defendant had entered into a lease of the described property which lease was then about to expire; that plaintiff and defendant then negotiated a new lease on the property to run for a period of ten years from the 24th day of December, 1936, to the 23rd day of December, 1946; then plaintiff alleged: — “that at the time said new lease was negotiated, the defendant informed plaintiff that it might .become necessary at any time to dispose of said property, inasmuch as under the laws of the State of New York the defendant was prohibited from holding or acquiring this class or type of property for any considerable period of time, but that in event it did so become necessary to dispose of same, or in event the defendant desired to sell said property, plaintiff herein would be given the first opportunity to purchase same *429 for such price and upon such terms as the defendant had been offered by any other purchaser, and that in the event the plaintiff did not so desire to purchase said property for such price and upon such terms and conditions, then the defendant had the right to cancel said lease, all of which will fully appear by reference to paragraph Ninth of Plaintiff’s Exhibit ‘A.’.” — and also

“That plaintiff took said premises in and by said agreement marked Exhibit ‘A’ and in and by the various contractual relations entered into thereby, and since said date to the present time has fully carried out all the obligations which plaintiff assumed in and by said lease and other contractual relations with defendant, and alleges that upon the date of the filing of this amended bill of complaint plaintiff has carried out each and every obligation on its part to be performed by the plaintiff.

IV.

“Plaintiff would further aver that as a material part of the considerations to be performed by the parties to said lease, Section Nine provided among other things that ‘lessee is hereby granted the option to purchase said property and premises at the price and terms named in said notice provided such option is accepted within twenty-five (25) days from the time such notice of sale is received.’ That approximately two years prior to the filing of the bill of complaint herein, the plaintiff herein, desiring to make arrangements to air-condition the premises leased from the defendant; took up with the defendant the matter of extending or renewing the lease. Shortly thereafter, one W. L. Harris, of Miami, Florida, informed plaintiff herein by letter that he was authorized by the defendant to obtain the operating figures from plaintiff on the premises hereinbefore described and leased to plaintiff, a copy of such letter being attached hereto, marked Plaintiff’s Exhibit ‘B,’ and made a part hereof by reference, and that such figures were necessary before defendant could discuss a new lease or discuss an outright sale of said property. Plaintiff would further aver that after some negotiations defendant informed Mr. Frank Rogers, President of the plaintiff corporation, that it had become *430 necessary and advisable to dispose of the said leased premises and that it would send out circulars advising that said property was for sale and when it had obtained the best bid therefor the said defendant would notify plaintiff of the best offer it had received, and that plaintiff would under the provisions of the agreement entered into between the parties, have the right to meet such offer and be given the first opportunity to become the purchaser of said property, if it so desired. Plaintiff would further aver that the defendant corporation not only assured the plaintiff on more than one occasion that it had the first right to purchase and would be given the opportunity to purchase in the event a suitable offer or price could be established, but the defendant also in writing notified its agent in Miami, by letter dated November 21, 1945, that the plaintiff herein had the first right to purchase the property, as will more fully appear by a copy of said letter, and especially the fifth paragraph thereof, attached hereto marked Plaintiff’s Exhibit ‘C’ and by reference thereto made a part hereof as fully as if set out herein in haec verba. Plaintiff would further aver that the best offer the defendant received for said premises was $190,000.00 cash, and that upon being so advised it offered said amount through the agent of defendant, Mr. W. L. Harris, of Miami, but said offer was refused, even though no contract had been entered into or made at the time plaintiff made its offer, all of which will more fully appear by a copy of letter from Mr. P. V. Cloke, assistant manager of Guardian Life Insurance Company of America, to Mr. W. L. Harris dated December 7th, 1945, said copy of such letter being attached hereto, marked Plaintiff’s Exhibit ‘D,’ and made a part hereof by reference.

VI.

“Plaintiff would further aver that in order to avoid any misunderstanding and any question that plaintiff desired to exercise its option, it notified Guardian Life Insurance Company in New York on December 12th, 1945, that plaintiff was ready, able and willing to meet the price offered by the highest and best bidder for the premises, and that the plaintiff exercised its option to do so, all of which will more fully appear by a copy of said letter dated December 12th,. *431 1945, attached hereto, marked plaintiff’s exhibit ‘E’ and by reference made a part hereof; but that notwithstanding the offer made to the defendant’s agent in Miami, and notwithstanding the notice given the defendant in New York, the said defendant refuses to allow the plaintiff the right to purchase said property as given it in the lease contract hereinbefore referred to, and as defendant has repeatedly advised and informed the plaintiff it would do since said written contract was executed.

VII.

“Plaintiff would further aver that the premises hereinbefore described are so constructed and situated that they can' be used only for a picture show or play house, and plaintiff herein has, over a period of years, spent considerable money both in advertising and in bringing good pictures to said theatre to build up the reputation of said show house, and that if it is deprived of the right to purchase said premises, or on the contrary said premises may be occupied and used by a rival concern, it will be irreparably injured. Plaintiff re-avers its readiness, willingness and ability to purchase said property for the sum of $190,000.00 cash, and does hereby offer to do so in event it is given the opportunity to buy same — as it should be given under the terms of the contract and the repeated agreements and assurances made by defendant to the plaintiff since said contract was executed.”

The Bill prayed that,

“(1) That the Guardian Life Insurance Company of America a corporation of the State of New York, made a party defendant to this amended bill of complaint and be required to make a true, direct and perfect answer to same, but not under oath, answer under oath being hereby expressly waived;

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Cite This Page — Counsel Stack

Bluebook (online)
26 So. 2d 188, 157 Fla. 428, 1946 Fla. LEXIS 760, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gulf-theatres-inc-v-guardian-life-insurance-co-of-america-fla-1946.