Slaughter v. Watson

HIGGINS, Justice.

Plaintiff instituted this action for specific performance of a contract in which the defendant agreed to purchase from him an oil and gas lease on property located in Miller County, Arkansas, for a cash consideration of $2,000 and $40 a year rental. Paragraphs 7, 8 and 9 and the prayer of the petition read as follows:

“7. Petitioner avers that notwithstanding his performing and complying with all the conditions, terms and stipulations of said escrow agreement, contract and letter and tender to the said J. J. Watson a good and merchantable title to said oil, gas and mineral…