Anderson v. Creswell-Keith, Inc.

Jim Johnson, Associate Justice.

This case involves an oil property transaction. It is primarily a suit in equity to recover $4,000 under the terms of a written instrument.

On November 27, 1956, appellant, W. S. Anderson, and appellee, Creswell-Keith, Inc., entered into the following agreement:

“AGREEMENT BETWEEN CRESWELLKEITH MINING TRUST and Mr. W. S. Anderson on his purchase of an undivided one-eighth (1/8) interest in the Moody Estate No. 1, we will hold his check in the amount of $4,000.00 in Creswell-Keith, Inc., office until Moody No. 1 is fractured and producing oil into tank, at such…