(DOWNLOAD) "Ip Timberlands Operating Co. V. Denmiss Corp." by Mississippi Supreme Court " Book PDF Kindle ePub Free
eBook details
- Title: Ip Timberlands Operating Co. V. Denmiss Corp.
- Author : Mississippi Supreme Court
- Release Date : January 02, 1998
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 85 KB
Description
¶1. IP Timberlands Operating Co., and International Paper Company appeal two orders of the Hinds County Circuit Court. In construing a 1945 lease agreement with a purchase option, Judge James E. Graves, Jr., determined as a matter of law that the purchase option unambiguously called for appraisers to fix the lands' value, although the option expressly provided for arbitrators to fix the value of the lands. Also, Judge Graves determined as a matter of law that the purchase option called for the lands' value to be appraised as unencumbered from the remainder of the prepaid ninety-nine year lease that runs through 2044. Appellants raise the following issues on appeal: