Caskey v. Williams Brothers

Opinion of the Court by

Commissioner Stanley

Affirming.

On March. 16, 1926, appellees, Andrew and James Williams, partners doing business as Williams Bros., gave to appellants, William E. Caskey, Jr., Thos. B. Cromwell, Phil T. Chinn, and John A. Judy, an option to buy 57 thoroughbred race horses, some of which were located in Kentucky and others' in Oklahoma. The terms of the option were that appellants should pay $70,000 for the horses, $10,000 when the option was exercised, on or before April 1, 1926, and $60,000 on or before May 1, 1926; with the further stipulation that the horses should be…