Woollums v. Horsley
Court of Appeals of Kentucky
20 S.W 781 (Ky. App. 1892)
Horsley (plaintiff), an educated businessman, contracted to buy all the oils, gases, and minerals in Woollums’s (defendant) land for 40 cents per acre. Woollums was elderly, uneducated, and had very little business sense. At trial the value of the land was determined to be $15 per acre. Horsley never paid Woollums, but that is because the purchase price was by acre and Woollums did not know the size of his land and refused to have it surveyed. Horsley brought suit for specific performance of the contract. The trial court found in his favor. Woollums appealed.
Rule of Law
Holding and Reasoning (Holt, C.J.)
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