Leal v. Blackwell

Plaintiff, resident of Hamilton, Tex., brought this action to recover possession of two caterpillar *389graders and to collect $3,525 unpaid rents thereon.

Plaintiff alleged that about August 8, 1946, pursuant to. an oral agreement, he leased and delivered the two graders to defendant for $750 per month. Further, that the agreement provided an option for defendant to purchase the machines for $7,000, plus interest from the date of the agreement, on or before November 8, 1946, and, if defendant exercised the option all sums paid as rent applied upon the purchase price; upon failure to purchase or…