Hansen v. Stroecker

OPINION

MATTHEWS, Justice.

On December 31, 1971, James B. Hansen and W.G. Stroecker signed an agreement entitled “Option to Purchase.” 1 Under the terms of the agreement, Stroecker paid $1,500.00 to Hansen in exchange for an option to purchase some seven parcels. Two river fronting parcels were priced at $500.00 each, two other lots were priced at $250.00 each, one parcel was priced at $0.0333 per square foot, another parcel was priced at $0.1667 per square foot, and the seventh parcel was to be conveyed without additional consideration. The total purchase price could only be calculated after…