Legal Opinion
Padgett v. Theus
Alaska Supreme Court
Decided May 10, 1971No. 1260PublishedCited by 30 opinions
1Opinion of the Court
OPINION
RABINOWITZ, Justice.
Being land poor and pressed by numerous creditors, appellees Jim and Pearl Theus entered into a somewhat unusual contract with Earl Bell and appellants Vern L. Padgett and Investment Enterprises, Inc. Basically, the Theuses promised to convey 12 parcels of land to Investment Enterprises. Vern Padgett promised to lend Investment Enterprises $10,000. The corporation in turn promised to transfer one-third of its stock to the Theuses and to lend Jim Theus $10,000. Investment Enterprises further promised to transfer one-third of its stock to Earl Bell, for unstated…
2Cases cited13 opinions
- Provident Tradesmens Bank & Trust Co. v. PattersonSupreme Court of the United States · 1968
- Shields v. BarrowSupreme Court of the United States · 1855
- Pan American Petroleum Corp. v. Shell Oil Co.Alaska Supreme Court · 1969
- State, Department of Highways v. CrosbyAlaska Supreme Court · 1966
- McShan v. SherrillCourt of Appeals for the Ninth Circuit · 1960
8 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- City of Whittier v. Whittier Fuel & Marine Corp.Alaska Supreme Court · 1978
- Brandon v. Corrections Corp. of AmericaAlaska Supreme Court · 2001
- Anchorage v. McCabeAlaska Supreme Court · 1977
- Williams v. Alyeska Pipeline Service Co.Alaska Supreme Court · 1982
- Wetzler v. WetzlerAlaska Supreme Court · 1977
25 more not listed; retrieve them via the Exa API.