PURDUE v. RALPH

No. 8874.

100 F.2d 518 (1938)

PURDUE et al. v. RALPH.

Circuit Court of Appeals, Fifth Circuit.

Rehearing Denied January 16, 1939.


Attorney(s) appearing for the Case

D. H. Culton, of Amarillo, Tex., and W. C. Hock, of Fort Worth, Tex., for appellants.

E. H. Foster and Perry S. Pearson, both of Amarillo, Tex., for appellee.

Before SIBLEY, HOLMES, and McCORD, Circuit Judges.


HOLMES, Circuit Judge.

This is an action to recover the balance of the purchase price of a casinghead gasoline plant. The terms of sale provided that $5,000 should be paid in cash, $4,000 on February 16, 1930, and $4,000 on the sixteenth of each succeeding month until ten such payments had been made, plus a final payment of $3,000 one month later.

It was further agreed between the vendor and vendee that said deferred payments should be made only out of profits...

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