W. C. McBride, Inc. v. Calvin Oil Co.

Calvin Oil Company, an Express Trust operating through P. E. Tipton, Trustee, was the owner of an undivided three-fourth interest in a group of producing oil and gas leases covering various tracts of land in Hamilton County, Illinois. T. M. Bane was the owner of the remaining one-fourth interest in these leases.

W. C. McBride, Inc. is a Delaware Corporation, licensed to transact business in Illinois, with offices in St. Louis, Missouri. As a result of previous negotiations, the McBride Company, under date of December 16, 1960, caused to be prepared and delivered to said Calvin Oil Company and…