Praegner v. Kinnebrew & Ratcliff

This litigation grows out of a contract, dated November 2, 191S, wherein defendants agreed to convey to one S. E. J. Cox a certain oil and gas lease executed in their favor by Mrs. Bettie Scott Youree and others on certain lands in the parish of Cad-do. The agreed consideration was $35,000, of which amount $5,000 was paid in cash. It was stipulated that the amount of this payment should be forfeited as liquidated damages, should the title prove good and merchantable, and the other terms and conditions set forth fulfilled, and Cox should fail to pay the balance of the consideration. The…