Legal Opinion

Rice Oil Co. v. Atlas Assur. Co.

Court of Appeals for the Ninth Circuit

Decided March 13, 1939No. 8853PublishedCited by 15 opinions

1Opinion of the Court

GARRECHT, Circuit Judge.

In 1926, appellants Rice Oil Company and Fulton Oil Company, who were extensively engaged in gas and oil production in the State of Montana under operating agreements with and leases from various persons, sold certain leases and buildings, structures, tanks and equipment thereon, to Marine Corporation for $1,000,000.00 in cash and $2,000,000.00 to be paid out of net oil.

It was provided in said contract that there was expressly reserved to Fulton Oil Company and Rice Oil Company “the first net oil which may be produced and saved from all or any of the above described…

2Cases cited15 opinions

  1. Home Insurance v. Baltimore Warehouse Co.Supreme Court of the United States · 1876
  2. Liverpool & London & Globe Insurance v. KearneySupreme Court of the United States · 1901
  3. Hooper v. RobinsonSupreme Court of the United States · 1879
  4. B. N. Exton & Co. v. Home Fire & Marine InsuranceNew York Court of Appeals · 1928
  5. Park Saddle Horse Co. v. Royal Indemnity Co.Montana Supreme Court · 1927

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3Cited by15 opinions

  1. Hill v. Standard Mut. Casualty Co.Court of Appeals for the Seventh Circuit · 1940
  2. Maryland Casualty Co. v. DelzerSouth Dakota Supreme Court · 1979
  3. Camden F.I. Assn. v. N.B v. Hotel Co.Mississippi Supreme Court · 1946
  4. Levine v. Accident & Casualty InsuranceCity of New York Municipal Court · 1952
  5. Pearl Assur. Co. v. Hartford Fire Ins. Co.Supreme Court of Alabama · 1940

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