Masterson v. Sine

Dallas Masterson and his wife Rebecca owned a ranch as tenants in common. On February 25, 1958, they conveyed it to Medora and Lu Sine by a grant deed ‘ ‘ Reserving unto the Grantors herein an option to purchase the above described property on or before February 25, 1968 ’ ’ for the “same consideration as being paid heretofore plus their depreciation value of any improvements Grantees may add to the property from and after two and a half years from this date.” Medora is Dallas’ sister and Lu’s wife. Since the conveyance Dallas has been adjudged bankrupt. His trustee in bankruptcy and Rebecca…