Ward v. Bruce

Appellant, Ward, as receiver, owned a drilling rig, which he rented to ap-pellee, Bruce, for a period of 30 days, to be used by him in drilling an oil and gas well. It was stipulated in the contract that appel-lee should pay appellant $250 for the use of the rig for said period of . 30 days, and that he have an option of renewing the rental agreement for an additional period of 30 days in which event he should pay appellant $500 for the use of the rig for the additional period. It was further provided that appellee should at his own expense “fit up said rig, with all necessary parts and…