W. R. Lathom Tool & MacHine Co. v. Mutual Leasing Associates, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that when the lease gave the lessee the power to purchase the leased equipment at “fair market value as determined by [the lessee],” the lessee’s determination, even if subjective, “must be accepted by the lessor.”
• finding that when the lease gave the lessee the power to purchase the leased equipment at “fair market value as determined by [the lessee],” the lessee’s determination, even if subjective, “must be accepted by the lessor.”

Source: CourtListener parenthetical corpus (CC0).