Howard-Arnold, Inc. v. T.N.T. Realty, Inc.

Summary

The Connecticut Supreme Court held that the plaintiff did not properly exercise a lease-based option to purchase real property because it failed to tender the purchase price as required by the lease. The court rejected the plaintiff’s arguments that tender was excused by the defendant’s incomplete environmental remediation or that the doctrine of frustration of purpose applied, and affirmed the Appellate Court’s judgment denying specific performance.