Hendrix Mill & Lumber Co. v. Meador

Opinion op the Court by

Judge Logan

Affirming.

The appellees owned 306.5 acres of land in Hickman county covered with merchantable timber. In January, 1927, they executed to Ben Allen an option on the timber, agreeing to convey it to him, or his assignee, if the option was exercised within 30 days from its date. The consideration to be paid was $60,000.

■Four days later Ben Allen assigned the option to the appellant Hendrix Mill & Lumber Company. The assignment was by written contract, in which it was recited that Allen held an option on the timber which could he exercised -by the payment of…