Legal Opinion

Petroleum Rental Services, Inc. v. Inter-South Properties Corp.

Court of Civil Appeals of Oklahoma

Decided December 22, 1987No. 66153Published

1Opinion of the Court

OPINION

MEANS, Presiding Judge.

Defendant appeals from the trial court’s order which overruled its motion to vacate a default judgment. Having reviewed the record and applicable law, we reverse and remand.

On March 4, 1983, Plaintiff and Defendant’s predecessor in interest, Southern Oklahoma Production Company, executed a promissory note and mortgage for oil and gas leases and mineral interests. The terms of the entire note are set out below:

FOR VALUE RECEIVED, the undersigned promises to pay to the order of PETROLEUM RENTAL SERVICES, INC., the principal sum of Two Hundred Seventeen Thousand…

2Cases cited10 opinions

  1. Overnite Transportation Co. v. Chicago Industrial Tire Co., Appeal of Themis N. Anastos and Paul E. PeldyakCourt of Appeals for the Seventh Circuit · 1983
  2. Dreiling v. Peugeot Motors of America, Inc.Court of Appeals for the Tenth Circuit · 1985
  3. Burroughs v. Bob Martin CorporationSupreme Court of Oklahoma · 1975
  4. Farmers' Union Co-Operative Royalty Co. v. WoodwardSupreme Court of Oklahoma · 1973
  5. Midkiff v. LuckeySupreme Court of Oklahoma · 1966

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