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NEVADA REFINING CO v. NEWTON

No. 6696.

497 P.2d 887 (1972)

NEVADA REFINING CO., a corporation, et al., Appellants, v. George E. NEWTON et al., Respondents.

Supreme Court of Nevada.

June 7, 1972.

Attorney(s) appearing for the Case

Lionel, Sawyer, Collins & Wartman and Steve Morris, Las Vegas, for appellant Nevada Refining Co.

Gray, Horton and Hill, Ely, for appellants C.G. Morrison and Guy L. Weatherly, dba Morrison and Weatherly Chemical Products.

Gregory & Gregory, Las Vegas, for respondents George E. Newton and Bonnie Newton, dba Newton Petroleum Enterprises.

Vaughan, Hull & Marfisi, Elko, for respondent Refiners Sales Co.

OPINION

MOWBRAY, Justice.

The principal issue presented for our consideration on this appeal is focused on the lower court's interpretation of a clause in a conditional sales contract requiring the buyer named therein to assume and pay all the taxes and insurance covering the property which was the subject of the sale. The provision in the agreement is as follows:

"13. That it is hereby agreed Buyer shall assume and pay all taxes and insurance commencing...

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