James Torrence v. The Higgins Family Limited Partnership
James Torrence and J.T. Lemons, lessees, sought to exercise a right of first refusal on a 370-acre tract of land after their lessor, The Higgins Family Limited Partnership, granted an option to Hunter Properties Inc. The trial court determined that the lessees properly exercised their right of first refusal and were entitled to purchase the entire property for $1,350,000. Hunter Properties appealed, contesting the validity and scope of the exercised right. The Court of Appeals affirmed the trial court's decision, concluding that the lessees' exercise of the right of first refusal was proper and extended to the entire 370-acre parcel, not just the original leased four acres.