Brown v. Lamb

The facts involved in this appeal are as follows: On the eighteenth day of January, 1921, plaintiff advanced to the defendants the sum of $1,000, and as evidence of said advancement, and in consideration therefor defendants agreed in writing to give to said plaintiff a one twenty-fifth interest in a certain lease, or return to said plaintiff the total sum of $2,000, either of which obligations were to be performed on or before October 1, 1921. That neither of these obligations have been performed by defendants.

The contract is as follows:

“Los Angeles, Calif., January 18th, 1921.

“In…