ML Mayfield Petroleum Corporation v. Kelly

McKAY, Justice.

M. L. Mayfield Petroleum Corporation, M. L. Mayfield, and W. S. Morris brought suit against Helen McVey Kelly and husband, Ocie Kelly, Byron G. Bronstad and G. A. Beard alleging fraud under Article 4004, Vernon’s Ann.Tex.Civ.St. (now Sec. 27.01, Business and Commerce Code, V.T.C.A.), in the sale of thirteen oil wells in Kilgore Townsite, East Texas Field, Gregg County. Plaintiffs prayed for damages of $200,000.00, and sought judgment against defendants jointly and severally.

The allegations of plaintiffs in their pleadings were that defendant Helen McVey Kelly, the owner of the…