Fox v. Bechthold

Opinion by

CAROL M. HANSEN, Chief Judge.

11 In December 1996 Plaintiff, Samantha Fox, wrote to Defendant, Paul Bechthold, asking to borrow money, offering 15% interest per annum to be secured by a mortgage on her farm. After agreeing to lend her the money, Defendant contacted an attorney, Mr. Drum, to draft the necessary documents. Mr. Drum suggested that rather than making Plaintiff a loan, Defendant should consider purchasing her land with Plaintiff reserving an option to repurchase the land.

{2 Thereafter, Mr. Drum drafted an instrument entitled Agreement and Option to Buy Back (the…