· 10/15/1961
Booth v. Cochran
Citations
- 135 So. 2d 745
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- explaining that “the non-breaching party is relieved from any obligation to perform” only “[i]f a breach constitutes a material failure of performance”
- stating that “[r]oyalty-based leases are to be construed in a manner designed to promote the full and diligent development of the leasehold for the mutual benefit of both parties.”
- concluding that a lessor in an oil and gas lease was entitled to enforce a forfeiture clause in the lease based on the lessee’s breach by failure to pay royalties and notwithstanding a settlement agreement between the lessor and lessee regarding the amount of the royalties
- applying Lord to a civil case and finding waiver for failure to raise issue in concise statement
- stating that it would “impede[ ] logic” for the oil and gas industry to develop a lease “that allows a lessor to declare a forfeiture for failure to make a royalty payment after a well has been completed and oil or gas is being produced”
- “When performance of a duty under a contract is due, any nonperformance is a breach.”
Source: CourtListener parenthetical corpus (CC0).
Sourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.