Legal Opinion
Graham Investment Co. v. Grouse
Court of Appeals of Minnesota
Decided June 18, 1985No. C6-84-2246PublishedCited by 3 opinions
1Opinion of the Court
SUMMARY OPINION
WOZNIAK, Judge.
FACTS
In August 1980, Robert Grouse, John Grouse, and Lynette Grouse purchased three duplexes for investment purposes from Graham Investment Company. The buyers had extensive investment experience (one being a licensed real estate agent) and inspected the properties prior to purchase. They observed that all three properties needed repairs and received truth-in-housing reports on each. The purchase price for each duplex was $33,000— $2,000 down and the balance financed by contract for deed.
The buyers kept current on their contract payments until October 1982.…
2Cases cited2 opinions
- Preferred Risk Mutual Insurance Co. v. AndersonSupreme Court of Minnesota · 1967
- Kirk v. WelchSupreme Court of Minnesota · 1942
3Cited by3 opinions
- Marriage of Cronin v. CroninCourt of Appeals of Minnesota · 1985
- Paulson v. LisowyCourt of Appeals of Wisconsin · 1989
- Hagel v. SchoenbauerCourt of Appeals of Minnesota · 1995