GENERAL ASPHALT COMPANY, LTD. v. ANGLO-SAXON PETROLEUM COMPANY, LTD.

(1932) 42 Ll L Rep 85

HOUSE OF LORDS.

Before Lord Dunedin, Lord Warrington of Clyffe, Lord Atkin, Lord Macmillan and Lord Thankerton.

Contract-Company law-Plaintiff and defendant companies engaged in joint venture in exploitation of oil - Joint venture terminated and different arrangement substituted- Agreement between defendant company and plaintiff company that defendant company "will use such rights as it may possess and such influence as it can exercise to procure the Colon [in which defendants held a controlling interest] to deliver to them [plaintiffs] or as they may from time to time in writing direct during the life of the Vigas concession" a certain percentage of the crude oil produced from that concession-Construction -Meaning of "rights" and "influence" - Intention of parties - Admission, by defendants "that they could from time to time at all material times have got oil for plaintiffs by giving sufficient consideration" to the Colon