McElroy v. Danciger

This action was brought by Danciger against McElroy and Burton, on a contract for damages in the sum of $10,000, stipulated for in the contract as liquidated damages, and against the City National Bank of Wichita Falls, as a stakeholder, the allegations being in effect that appellee and appellants entered into a contract by which appellee obligated himself to sell to appellants an oil and gas lease in and to 240 acres of land, for which appellants agreed to pay $42,000, and, as part of the contract, appellants deposited in escrow $10,000 with the bank as earnest money; that appellee complied…