1. Home
  2. Browse Decisions
  3. P.2d
  4. 565 P.2d
  5. 565 P.2d 655 (1977)
 

STATE, EX REL. STATE HIGHWAY DEPT. ETC. v. SHAW

No. 11143.

565 P.2d 655 (1977)

90 N.M. 485

STATE of New Mexico ex rel. State HIGHWAY DEPARTMENT OF NEW MEXICO, Petitioner-Appellee, v. Dudley C. SHAW et al., Exxon Corporation and Texaco, Inc., Defendants-Appellants.

Supreme Court of New Mexico.

As Amended on Denial of Rehearing June 30, 1977.

Attorney(s) appearing for the Case

Hinkle, Bondurant, Cox & Eaton, Harold Hensley, Jr., Paul M. Bohannon, Roswell, for Exxon.

Rowley & Bowen, Stephen W. Bowen, John W. Anderson, Tucumcari, for Texaco.

Toney Anaya, Atty. Gen., V. Henry Rothschild, III, Asst. Atty. Gen., Santa Fe, for appellee.

OPINION

PAYNE, Justice.

In 1962 it became a matter of general knowledge that a by-pass, which would be a part of Interstate Highway 40, would be built in the Tucumcari, New Mexico area. Based upon this information, Texaco and Exxon, in separate transactions, acquired "floating options" to purchase tracts of property in the vicinity of the highway. The floating options gave the defendants the right to select a specific location within a general tract of land...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases