Valor Oil Company v. Eisner

PHILLIPS, Justice.

This is a suit in which the appellees, plaintiffs below, seek to cancel a certain assignment of production payment in the amount of $65,000 to appellant, Valor Oil Company, and a certain deed of trust executed by said appellant granting to appellant Republic National Bank of Dallas a lien upon the production payment.

The trial court granted judgment in favor of appellees cancelling all of the hereinafter described conveyances and appellants Valor Oil Company and Republic Na*236tional Bank of Dallas have perfected their appeal to this Court.

We reverse the judgment of the trial…