Absolene Co. v. Letwin

Nowhere, perhaps, are ordinary business transactions involved in such perplexities and complications as in an oil field; due perhaps to the rush and hurry incident to such business, engendered by eagerness to save the oil before the producing sand is drained by the operators of adjoining properties.

This case is a fair illustration. G. O. Bate-man purchased certain line pipe and attached it to the gasoline plant of the B. C. Dewitt Company, a corporation. McCandless, an agent for said company, sold the pipe to Ibex Oil Company, in settlement of a debt due the latter by the former. Later, the…