Balcones Corporation v. Sutherland

BARROW, Justice.

This suit was brought by appellee against appellant upon alleged liability under a so-called “dry hole money” letter agreement, providing that under certain conditions appellant would pay to appellee the sum of $6,500. In the trial court appellant contended that the conditions of the agreement were violated and not performed, therefore, no liability existed against it for the payment of $6,500. In the alternative, ap-pellee sought to recover under the doctrine of substantial performance, and in the further alternative sought to recover in quantum meruit the reasonable value of…