MacDonald v. Carlisle

On the 14th day of September, 1940, two instruments were executed and manually delivered by J. R. Carlisle and wife, Roxie Carlisle, to H. D. MacDonald. The first was an agreement whereby for a consideration of $50.00, MacDonald was given a 30-day option by the Carlisles to purchase from them a 10/144th undivided royalty interest in 144 acres of land. The second (executed and delivered at the same time) was a warranty deed of the same interest to the same vendee. The sale price of the interest as fixed by the option was $1,000.00. The option contract provided for one execution and delivery to…