Dauray v. Gaylord

DIXON, Chief Justice.

This appeal calls on us to construe the meaning of a property settlement contract in which the word “contemplate” is the key word so far as our decision is concerned.

In 1958 Robert Gaylord and wife, Hilda Gaylord, paid approximately $21,000 for about two acres of improved property on a point overlooking what was then known as Lake Dallas in Denton County, Texas. Subsequently they spent about $50,000 improving and remodeling the house which was located on the land, bringing the total investment of the Gaylords in the property to approximately $71,000.

On November 19, 1962…