Propp v. Johnson

Hilton, Justice.

Action for breach of contract in which plaintiff appeals from an order denying a motion for a new trial. Defendants are trustees of certain assets of the Granite Falls Bank, which at the time here important was being reorganized under the laws of this state. Mason St. 1940 Supp. §§ 7690-10 to 7690-20. Among the assets held by them was a quarter section of land. On July 9, 1986, defendants executed the instrument which plaintiff claims to be á contract for deed. That instrument, after reciting receipt of $100 from plaintiff, continued:

“The agreed purchase price being $7,000.00…