Folkers v. Southwest Leasing

DONIELSON, Judge.

This is a limited consolidation wherein Southwest Leasing and LeRoy Gray appeal from a district court judgment rescinding Folkers’ contract to purchase real estate from Southwest, and awarding Folkers damages. Southwest alone appeals the ruling that LeRoy Gray was entitled to indemnification from Southwest for any damages based on a stock redemption agreement between Gray and Herman.

Southwest and LeRoy Gray both contend that: (1) the district court erred in using extrinsic evidence to interpret the portion of the real estate contract requiring an access be provided from the…