Tyra v. Woodson

POPE, Justice.

The question presented by this appeal is whether a constructive trust arose out of a single joint venture to acquire certain oil and gas leases. H. V. Woodson and D. K. Coffman sued Chester L. and Billy R. Tyra to establish a constructive trust upon the working interest of the west one-half of Section 1211, L. B. Platt Survey in Reagan County. The trial court granted the defendants’ motion for instructed verdict because the court was of the view that the arrangement violated the Statute of Frauds and the Texas Trust Act. The court of civil appeals reversed the judgment and…