Kawai Farms, Inc. v. Longstreet

BISTLINE, Justice.

The appellant, Kawai Farms, Inc. (Kawai) appeals the district court’s grant of summary judgment and dismissal to the respondents, Garret J. Longstreet and Edward J. McNelis (Longstreet). We reverse and remand.

Kawai and Longstreet entered into a real estate exchange agreement, in which an apartment building and car wash owned by Kawai were exchanged for twenty-one lots of land (known as the Payette River Ranchettes) owned by Longstreet. The difference in the value of these properties according to the exchange agreement was $115,500, and Kawai agreed in writing to make up this…