Supreme Court of Arkansas December 18, 1978, 78-161 (Newberry v. McClaren)

lead-opinion

Frank Holt, Justice.

The appellants leased 1,120 acres of land for S3,000 annually to the appellees. The term of the written lease was from May 1, 1971, to December 31, 1975. The agreement gave the appellees the option to purchase the acreage at $200 an acre within a period of not less than thirty days and not more than ninety days before the end of the lease.