104 P.2d 561 | Okla. | 1940
This was an action to have a contract decreed to be an equitable mortgage. The parties appear here in the same order as they did before the trial court and will be referred to as they appeared below. Trial was had to the court. Judgment was in favor of defendants, the plaintiff appeals.
As grounds for the reversal of said judgment, the plaintiff submits the following propositions:
"The findings and judgment of the court are against the clear weight of the evidence.
"One partner cannot maintain an action at law against another partner.
"The court committed reversible error in rejecting competent evidence offered by the plaintiff.
"This court will render the judgment the trial court should have rendered — a judgment for the plaintiff."
It will be unnecessary to discuss these contentions separately. The contract in question was one for the sale of certain oil and gas mining leases by Count Dun-away and L.L. Jayne to one J.F. Smith for a cash consideration of $1,500 and $26,000 out of oil to be paid out of the one-eighth of the seven-eighths working interest if, as, and when said oil was produced from the premises so sold. The plaintiff undertook to prove that the interest of L.L. Jayne as grantor in said contract was merely that of an equitable mortgagee to secure an indebtedness owing to her from the plaintiff. Evidence was in conflict in many material respects, but it tended to establish that the plaintiff and defendant were joint adventurers as defined in Coryell'v. Marrs,
BAYLESS, C.J., WELCH, V.C.J., and OSBORN, HURST, and DANNER, JJ., concur.