Williams v. Watson

Opinion op the Court by

Judge Sampson

Affirm-

ing.

Appellant Williams and appellee Watson, with one O’Bear, were engaged in taking and selling oil and gas leases and in the oil business generally in 1919-1920. In the consolidation of some of their oil companies the Alakyla Oil Company gave its note to appellee Watson for thirty thousand ($30,000.00) dollars. Appellant Williams was president of the corporation. Before it became due and while the business was active, Williams and others conceived the idea of consolidating the Alakyla company with another, or other companies, and in order to satisfy…