Federal Land Bank of Omaha v. Sullivan
South Dakota Supreme Court
1Opinion of the Court
SABERS, Justice.
Sullivans appeal from a judgment of foreclosure entered in favor of the Federal Land Bank of Omaha (FLB). We reverse.
FACTS
FLB instituted this action to foreclose its mortgage against real estate owned by Sul-livans. Prior to trial, Sullivans’ attorney wrote a letter to FLB’s attorney asking if there was a possibility that the case could be settled. On September 11, 1986, FLB’s attorney replied with the following offer of settlement:
Thank you for your letter dated September 3rd, proposing a resolution of the above matter. After consideration by my client, we are willing to do…
2Cases cited9 opinions
- International Telemeter Corporation v. Teleprompter CorporationCourt of Appeals for the Second Circuit · 1979
- Mueller v. Union Pacific RailroadNebraska Supreme Court · 1985
- Capital Dredge and Dock Corporation, an Ohio Corporation v. City of Detroit, a Municipal CorporationCourt of Appeals for the Sixth Circuit · 1986
- Hartford Accident & Indemnity Co. v. Bear Butte Valley BankSouth Dakota Supreme Court · 1934
- Northwest Realty Company v. PerezSouth Dakota Supreme Court · 1963
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- Lesa M. Primeaux, Formerly Known as Lesa M. Lamont, Formerly Known as Lisa M. Bad Wound v. United StatesCourt of Appeals for the Eighth Circuit · 1996
- Melstad v. KovacSouth Dakota Supreme Court · 2006
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