FIRST SEC. BANK OF IDAHO, NA v. Hansen

BISTLINE, Justice.

HISTORY

In September, 1977, plaintiffs Hansens, in an attempt to retire, sold their ranch on contract to defendant Flyer’s, Inc. The purchase price of $850,000 included all real property, improvements and most of the personal property, to be paid in annual installments. The principals of Flyer’s, Inc. personally guaranteed the contract. At the signing of the contract, Hansens received $150,000, which, other than some payments made by defendants on existing mortgages, is the sole consideration received to date. Extended legal proceedings then took place. Sometime in 1983…