Anderson v. Nelson

The agreement of the parties as to the purchase and sale of the Anderson farm is contained in their contract, designated an “Offer to Purchase” of February 8, 1966. In the part material to this case, that contract provided as follows:

“To Ole K. and Christine M. Anderson,

Owner of Property Described Below

“The undersigned hereby offers to purchase your property described as follows: . . . and agrees to pay you therefor the sum of Ninety-One Thousand-($91,000.00) Dollars, as follows:

“$15,000.00 down and the balance of $76,000.00 payable in the amount of $5,000.00 principal annually plus interest…