Oil Field Supply & Scrap Material Co. v. Gifford Hill & Co.

HIGGINS, Justice.

The plaintiff instituted this action against the defendant to recover the sum of $584.80, alleged to be due for eight months rental at the rate of $73.10 per month on 731 feet of eight inch iron pipe, under a verbal agreement entered into on March 22, 1940, whereby the defendant also was granted a thirty-day option to purchase the pipe for $557.15, subject to a credit on the purchase price for the “amount of rental paid”. The petitioner alleged that the defendant failed to avail itself of the right to purchase the property within thirty days and continued to use the pipe and…