Humble Oil & Refining Co. v. Westside Investment Corp.
428 S.W.2d 92 (1968)
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Humble (P) agreed to buy on option at $35,000 on an acre tract of land situated outside San Antonio from Westside (D). The option contract was supported by consideration. The strike date of the option was notice by 9:00 pm on 6-4-63 and by paying to D at the time of such notice or within 10 days the sum of $1750 earnest money. That sum with the $50 option price left a balance due and owing on the land of $33,200 to be paid as purchase money in accordance with the option contract. P paid the $1750 on May 14, 1963. D contends that the option agreement was rejected and repudiated by letters to D on May 2nd and May 14th. The May 2nd letter included a utilities clause that D would have the gas, water, sewer, and electricity extended to the property prior to closing. P's letter included a signature line for D with a request to sign and return. The May 14th letter repudiated the utilities clause and just exercised the option. All parties filed motions for summary judgment and D's was granted. P appealed.
Issues
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Holding & Decision
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Legal Analysis
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