Studley v. National Fuel Gas Supply Corp.

OPINION OF THE COURT

Edward M. Horey, J.

The contentions between the plaintiff and defendant concern a certain sight draft delivered by defendant’s predecessor in interest to the plaintiff. The sight draft in issue was dated November 30,1973 and was in the sum of $476. The moneys recited in the sight draft were not payments due under the provisions of the two oil and gas leases which were executed simultaneously with the sight draft. While the amount of the draft was computed on the basis of the amount of acreage involved in the two oil and gas leases (totaling 476 acres), the payment was in…