Wallace v. Imbertson

This is an appeal by plaintiff from a judgment of nonsuit in an action for specific performance of a lease-option agreement.

Facts

There is no conflict in the facts shown by the record before us. The pertinent facts are substantially as follows: Defendants own a moiety in the 280 acres of land in dispute. On April 28, 1955, the parties hereto signed a lease-option agreement wherein defendants herein were lessors and plaintiff was lessee.

By said lease, lessors granted to lessee for a period of two years all hydrocarbon, oil and gas found on the property and lessee agreed to pay $10 per year plus…