Modoc Mineral & Oil Co. v. Cal-Vada Drilling & Exploration Co.

Defendants appeal from a judgment granting plaintiff rescission of an oil well drilling contract and awarding plaintiff $32,815.25 in damages.

Defendants’ principal argument on appeal is that the trial court acted on insufficient evidence in finding that a certain written instrument entitled a “lease agreement” dated June 9, 1960, was not the true agreement between the parties. All other arguments, excepting one to be noted below, rest upon the existence and binding effect of that agreement.

The facts found by the trial court include the following: that prior to June 9, 1960, defendant Reeves,…