King v. First National Bank of Fairbanks

OPINION

CONNOR, Justice.

Petitioners Thomas E. and Linda L. King seek review of the superior court’s grant of partial summary judgment for defendant First National Bank of Fairbanks (hereinafter referred to as Bank). The Bank moved for summary judgment. We have determined that review is appropriate. 1

I. FACTS

In June of 1969, Thomas and Linda King agreed to purchase a parcel of real property near Fairbanks from Elmer and Lesta Olson. The Olsons had acquired the land two years earlier from the State of Alaska under a long-term purchase agreement, wherein the state retained legal title pending…