Corsicana Compress Co. v. Magnolia Petroleum Co.

This controversy grew out of a contract for the sale of fuel oil. On June 18, 1919, appellant and appellee entered into a contract, which contained the following:

“Said seller-hereby agrees to sell and deliver to said buyer, said buyer agrees to purchase and receive from the seller, between June 17th, 1919, and June 17th, 1920, the fuel oil necessary to supply fuel and operate a compress during the term of this contract and not thereafter, not to exceed a maximum of 4,000 barrels, which maximum the seller agrees to furnish and the buyer to take if required for said purposes, and not less than…