Legal Opinion
Olawsky v. Clausen
South Dakota Supreme Court
Decided November 21, 1973No. File 11101PublishedCited by 10 opinions
1Opinion of the Court
DOYLE, Justice.
The respondents entered into a contract with the appellants in 1968, wherein the respondents agreed to sell and the appellants agreed to buy 500 shares of corporate stock for the sum of $60,000. The contract provided for a $15,000 down payment and the balance plus interest to be paid over a period of years in annual installments as follows:
January 1, 1969 3.000.00
January 1, 1970 5.000.00
January 1, 1971 7.000.00
January 1, 1972 10,000.00
January 1, 1973 10,000.00
January 1, 1974 10,000.00
In January 1969, the appellants brought an action to rescind the contract alleging fraud and…
2Cases cited5 opinions
- Moore v. New York Cotton ExchangeSupreme Court of the United States · 1926
- In Re Estate of HobelsbergerSouth Dakota Supreme Court · 1970
- National Equipment Rental, Ltd. v. A. L. Fowler, D. O. Thomas, and E. O. Thomas, Individually and Doing Business as Fowler Poultry & Egg Co.Court of Appeals for the Second Circuit · 1961
- Parmelee v. Chicago Eye Shield Co.Court of Appeals for the Eighth Circuit · 1946
- United Fruit Co. v. Standard Fruit and Steamship Co.District Court, D. Massachusetts · 1968
3Cited by10 opinions
- Staab v. SkoglundSouth Dakota Supreme Court · 1975
- Waldner v. North American Truck & Trailer, Inc.District Court, D. South Dakota · 2011
- Haberer v. First Bank of South Dakota (NA)South Dakota Supreme Court · 1988
- Tallman v. DurusselCourt of Appeals of Washington · 1986
- Vor, Inc. v. Estate of O'farrellSouth Dakota Supreme Court · 2025
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