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Contracts Keyed to Calamari
Schlegel v. Moorhead
Facts
This case involves an "action for damages for the alleged breach of a written contract for the sale of an oil and gas lease." In a related matter, this same court "affirmed the dismissal of Schlegel's complaint for specific performance" because "enforcement of the option would be unjust and unreasonable because of inadequacy of the proposed consideration and because Schlegel failed to divulge on Moorhead's inquiry, information known to him indicating that the value of the lease was far in excess of the amount he had offered for it."
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