Court Opinion

ID: 9446969
Source: CourtListenerOpinion
Date Created: 2023-08-03 22:22:44.090832+00
Date Added: 2024-06-11T17:30:51.506448
License: Public Domain

On Petition for Rehearing.
PER CURIAM.
Defendant-appellant has filed a petition in which he asks for a rehearing or in the alternative a modification of our opinion.
The petition for rehearing is denied. However, upon further consideration we now entertain the view that the judgment entered by the trial court should be modified or supplemented to require plaintiff to formally reassign or relinquish the interests conveyed to him in the oil leases. We adhere to our holding that under the circumstances presented by the record the defendant cannot escape liability to plaintiff because of the form of the tender. Neither can plaintiff, in view of the tender made by him, and the judgment in his favor, successfully assert that he retains or owns any right, title or interest in the securities in question. Nevertheless, since the interests in the leases were conveyed by written instruments, at least one of which was duly recorded, plaintiff should by appropriate instrument, relinquish or reassign such interests in order to eliminate the possibility of a cloud being cast upon title to the real estate.
Accordingly, the judgment of the trial court is modified by adding thereto the following: “Plaintiff shall within thirty days from the date the mandate herein is filed in the District Court, execute and deliver to defendant a good and sufficient instrument whereby he shall fully and forever release and relinquish any right, title or interest acquired by him in the oil leases which are the subject of this action.”