Miley Petroleum Corp., Ltd. v. Amerada Petroleum Corp.

Plaintiff has appealed from a judgment in favor of defendants. In this action plaintiff sought cancellation of assignments of oil leases on property in the North Dome of the Kettleman Hills oil fields in Kings County, cancellation of a mortgage, and of a drilling agreement providing for the development of the leases, upon the ground that the documents constituted a single contract which was usurious and void. Plaintiff also sought an accounting and damages.

The facts presented by the record are involved but it will only be necessary to detail such of them as will sufficiently explain the…