PHILLIPS, Chief Judge.
On September 9, 1952, Craig and Lennemann were the owners of two state land mineral leases, issued by the State Land Board of the State of Utah, covering 479.80 acres of land. As of that date they entered into a contract with A. D. Preston, whereby they agreed to assign such leases to Preston and he agreed to pay therefor a total consideration of $20,000, $3500 to be paid on or before 30 days from the date of the contract and the balance within...
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