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BAKER OIL TOOLS, INC. v. PRESSURE SERVICES, INC.

No. 21149.

339 F.2d 439 (1964)

BAKER OIL TOOLS, INC., Appellant, v. PRESSURE SERVICES, INC., Appellee.

United States Court of Appeals Fifth Circuit.

December 14, 1964.

Attorney(s) appearing for the Case

Royal H. Brin, Jr., Dallas, Tex., for appellant, Strasburger, Price, Kelton, Miller & Martin, Dallas, Tex., of counsel.

Timothy E. Kelley, Talbot Rain, Dallas, Tex., for appellee, Thompson, Knight, Wright, & Simmons, Dallas, Tex., of counsel.

Before BROWN and WISDOM, Circuit Judges, and ESTES, District Judge.

PER CURIAM.

Baker Oil Tools, Inc. (Baker) appeals from a $12,548.02 summary judgment in favor of Pressure Services, Inc. (PSI) in PSI's action on a written contract, dated April 30, 1962, for the purchase by Baker of PSI's assets. The only question presented involves the value of appellee's net current assets on April 30, 1962 and the resulting adjustment of the basic purchase price as provided in the contract.

The basic purchase price of $600,000 was computed...

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