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CHASE v. WATSON

Nos. 36548, 36549.

294 P.2d 801 (1956)

Loren S. CHASE and Ruth A. Chase, Plaintiffs in Error, v. Henry E. WATSON and Ruth Snowball Watson, Defendants in Error (two cases).

Supreme Court of Oklahoma.

March 6, 1956.

Attorney(s) appearing for the Case

D.F. Rainey and John Barksdale, Okmulgee, B.E. (Bill) Harkey, Oklahoma City, for plaintiffs in error.

Q.D. Gibbs, Okmulgee, T.L. Gibson, Muskogee, for defendants in error.

PER CURIAM.

The Watsons sold and the Chases bought the Adams Hotel in Okmulgee, including the real estate, furniture, fixtures and equipment for $100,000. The Chases paid $35,000 in cash, gave an insurance company a note and mortgage for $40,000 to take up an obligation of the Watsons, and gave the Watsons a note and second mortgage for the balance of $25,000.

After the Chases had been in possession for several months...

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