Olson v. Colton Savings Bank

This is an appeal by plaintiffs from a judgment for defendant and from an order denying new trial.

One Markus Olson was the owner of a quarter section of land in Minnehaha county. In 1919 he and 'his wife entered into a written contract with their son, Clarence M. Olson, whereby they agreed to sell and he agreed to purchase said land at the price of $26,000. One half thereof was evidenced by an existing mortgage assumed by the son. The other half was to be paid within 10 years with 5 per cent annual interest. The son and his wife, plaintiffs herein, moved upon the land in January, 1920, and…