Ponderosa-Nevada, Inc. v. Venners

WINANS, Justice.

This is an action, brought under the Uniform Declaratory Judgment Act, SDCL 21-24, vyhich seeks to define the legal status of a certain piece of property. Plaintiff initially filed a complaint for reformation, but later amended its complaint to one for declaratory judgment, seeking a declaration that an option agreement had been canceled by the terms of a compromise agreement. The defendants filed a counterclaim for specific performance of the option agreement. The trial court found that the option agreement had not been compromised by the compromise agreement and granted…