Schwing Lumber & Shingle Co. v. Arkansas Nat. Gas Co.

In the month of December, 1921, plaintiffs and Pierre Molbert executed an act of exchange, whereby the former acquired a quarter section of land in the parish of Iberia, and the latter acquired two lots of ground in the parish of St. Martin. Molbert sold the land he had thus acquired to one J. R. Munce, who, in turn, sold it to the Arkansas Natural Gas Company, Limited, and the Transcontinental Oil Company. Subsequently, it developed that Molbert, contrary to his belief, was not the owner of the property transferred by him in the act of exchange, because it was swamp and overflowed land, the…