[DOWNLOAD] "Sue Valdez v. Gerald B. Christensen and" by Supreme Court of Idaho No. 9493 * Book PDF Kindle ePub Free
eBook details
- Title: Sue Valdez v. Gerald B. Christensen and
- Author : Supreme Court of Idaho No. 9493
- Release Date : January 28, 1965
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 72 KB
Description
April 4, 1961, defendants (respondents and cross-appellants) as purchasers entered into a contract with Norman Roberts and wife as vendors for the purchase and sale of a farm in Bear Lake county, together with certain dairy cattle and equipment thereon. The contract price was $90,000, of which defendants paid $7,500 on execution of the agreement. August 18, 1961, Roberts and wife in an exchange of properties transferred their interest in the contract and property to the plaintiff (appellant and cross-respondent). The parties stipulated that this transaction constituted an assignment of the original contract. August 22, 1961, a new contract for the sale by plaintiff to defendants of the same property was executed by the parties hereto. The new contract required a payment of $5,000 on or before October 15, 1961; $12,500 on or before January 5, 1962; and the balance of $65,000 in annual installments of $6,000 commencing October 15, 1962. At the time the contract was rewritten, defendants gave plaintiff a mortgage on farm property in Utah to secure the first two payments. June 20, 1962, defendants conveyed the Utah property to plaintiff for the agreed consideration of $17,500, thus making the first two payments required by the new contract, and a total of $25,000 paid on the purchase price.