Littlefield v. Box

On March 31, 1920, Fred Box and Grover C. Autrey, being the owners of certain land in Canadian county, entered into a written contract with one E. A. Pettit to sell said land to said Pettit for an I in consideration of $18,500, “and a reservation of an undivided one-half of the one-eighth interest in all oil, gas and min-ral royalties.”

The contract, among other things, provided that Petüt should execute a mortgage on said land back to the grantors to secure a note in the sum of $4,000, a part of the purchase price, and execute a bill of sale to certain other property. On the same day Box and…