Sooner Federal Savings & Loan Ass'n v. Smoot

LAVENDER, Justice:

This case involves competing claims to residential property in Nichols Hills. The property was the residence of appellee Charles Harding, who had inherited the property from his father. While working as an employee of First Mortgage Company, Bill Smoot was approached by Charles Harding for a loan. Though the loan request was disapproved, Smoot entered into personal negotiations with Mr. Harding. These negotiations culminated in Smoot’s procurement of a warranty deed on the property from Mr. Harding. The consideration given for the deed was some 20,000 dollars and a…