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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Great Midwest Enterprises, Inc. v. Precht, 656 S.W.2d 272 (1983)

Citation
Great Midwest Enterprises, Inc. v. Precht, 656 S.W.2d 272 (1983)
Parent Document
Great Midwest Enterprises, Inc. v. Precht, 656 S.W.2d 272 (1983)
Jurisdiction
Missouri (state)
Effective Date
1983-06-14

Full Text

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According to Gary Stewart Bond, appellant’s secretary-treasurer, the lease was entered into on April 13, 1979 (as it shows). By paragraph 27, lessee agreed to deposit $10,000 cash on its execution, to bear interest at 6%, and lessor was restricted to the uses of the deposit, except it could pledge the deposit as security for a loan to pave and stripe the parking lot, and “Lessor shall return the foregoing deposit with interest to the Lessee at the end of the initial term of this Lease.” The restaurant has a seating capacity of 160 chairs and eight four-person booths; the lounge has 40 chairs, 14 bar stools and four four-person booths, which makes a total seating capacity for 262 persons.