Bartholmae Oil Corp. v. Booth

Defendant was the owner of one-twentieth of the capital stock of the Oregon Oil and Development Company, hereinafter referred to as the Oregon company, an Oregon organized corporation with authority to engage in all phases of the oil busi ness in any state of the United States. Plaintiff is a California corporation. On August 24, 1923, plaintiff and W. E. McDonald entered into a contract whereby plaintiff agreed to drill an oil well on certain real •estate in Los Angeles county, California, for which said W. E. McDonald agreed to pay plaintiff the sum of $110,000. This contract was later…