Texas Supreme Court

Consolidated Gas & Equipment Company of America, Petitioner v. H. M. Thompson, Respondents

July 20, 19669 Tex. Sup. Ct. J. 557

Summary

The Texas Supreme Court reversed the Court of Civil Appeals, holding that no constructive trust arose because no fiduciary relationship existed separate from the oral agreement, and that the oral agreement to convey an overriding royalty interest is unenforceable under the Statute of Frauds and the Texas Trust Act, so the plaintiffs receive nothing.