Bank of Vivian v. Smith

HAMITER, Judge.

In the early part of the month of February, 1939, James W. Smith and Edwin B. Duncan carried on negotiations for the purchase of an oil and gas lease from Mrs. Alvie Lawrence, widow of Tim Lawrence, and her children, covering a ten-acre tract located in Caddo Parish, Louisiana, and described as the southeast quarter (SE]4) of the northeast quarter (NE%) of the nprtheast quarter (NE]4) of Section 27, Township 22 North, Range 16 West.

On the seventh day of that month the lease was executed, and it and the agreed consideration of $850, in the form of a cashier’s check, were placed…