Monroe v. Wood

The opinion of the Court was delivered by

Mr. Justice ■Boni-iam.

December 30, 1929, the plaintiff entered into a written contract with the defendant, I. T. Wood, which provided for the lease by I. T. and S. P. Wood to M. M. Monroe of their two-thirds interest in an ice manufacturing plant in the Town of Tatta, S. C. The plaintiff already owned a one-third interest in the plant. Subsequent to the execution of the contract, I. T. Wood acquired the interest of S. P. Wood in the property leased to Monroe, and assumed all of the obligations of S. P. Wood under the contract.

The contract of lease…