(Download) "Elizabeth A. Thompson v. Ward Fairchild" by Supreme Court of Idaho No. 10432 # Book PDF Kindle ePub Free
eBook details
- Title: Elizabeth A. Thompson v. Ward Fairchild
- Author : Supreme Court of Idaho No. 10432
- Release Date : January 22, 1970
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
On July 6, 1966, pursuant to a written contract, 160 acres of land was sold by Ward and Marie Fairchild (defendants-respondents)
to Elizabeth A. Thompson (plaintiff-appellant). Prior to July, 1966 (the date of the written contract), Elizabeth A. Thompson
and her husband, Robert, were living on the property in question under an oral agreement entered into in July, 1961. According
to the terms of the oral agreement a payment of $850.00 per year was to be made by the Thompsons to the Fairchilds. In addition,
the Thompsons were responsible for taxes. The written sales contract of July 6, 1966, provided for a total purchase price of $12,000.00. The Fairchilds (sellers and
defendants-respondents herein) acknowledged that $4,227.53 of the $12,000.00 had been already paid to them because of (1)
previous payments made by the Thompsons to the Fairchilds under the oral agreement heretofore referred to and (2) services
which were rendered by the Thompsons to the Fairchilds. The balance of the purchase price, viz., $7,772.47 was to be paid
in equal annual payments of $1,000.00 per year, the first payment due November 1, 1966, and subsequent payments to be made
on November 1, of each year until the entire contract had been paid in full. The written contract further provided that the
Thompsons (the buyers who had been in possession of the property since 1961) were to remain in possession so long as they
performed according to the terms of the written agreement. A default clause was included in the contract.[Footnote 1]