Ellis v. Rudy

STEWART, Justice.

The sole question presented on this appeal is whether the bid of appellant, James C. Ellis, for the purchase of an oil and gas lease covering 335 acres of land situated in Daviess County was properly rejected.

This is the second appeal of this case, and the factual background of this litigation is fully set forth in the opinion reported in 314 Ky. 524, 236 S.W.2d 466. Consequently, we shall supply only those facts that are essential to shed light on the issues raised here; but, first, a statement of the law applicable to this controversy is required.

KRS 353.300 reads as…