American Oil Service v. Hope Oil Co.

Prior to March 1952, Hope Oil Company and May and Richards, hereinafter referred to as Hope, or defendant, owned two units suitable for the reconditioning of oil wells which were then and for some time had been operated by American Oil Service, hereinafter called American, or plaintiff, in the reconditioning of oil wells upon a profit-sharing agreement with Hope. About the first of March, Hope agreed to purchase a third unit to be operated under similar conditions by American. This unit was constructed and turned over to American and used with the others. The agreement was reduced to writing…