Perry v. Oro Negro Operations, Inc.

COLLEY, Judge.

This is an appeal from a judgment for money damages rendered in favor of appel-lee/plaintiff against appellant/defendant.

On August 22, 1977, appellant Fred A. Perry (hereafter Perry) and Oro Negro Operations, Inc. (hereafter Oro Negro) executed a letter contract granting Oro Negro an exclusive option for ten days from the date of the letter to purchase from Perry certain oil, gas and mineral leases owned by Perry in eight different surveys located in Wood County, Texas. The considerations moving from Oro Negro to Perry is mentioned hereafter. The option contemplated that Oro…