Lindberg v. Younggren

Kindig, J.-

Tbe following facts are material to a discussion of the propositions advocated by the parties involved. On July 19, 1921, the appellant owned 240 acres of land in Page County. Upon that date, he entered into a written contract in duplicate, whereby the Carl G-. Wen-strand Company, a corporation transacting business at Shenandoah, purported to buy said farm for a consideration of $78,000, payable: First, by the assumption of indebtedness on the land, aggregating $48,000; and, second, by stock in the corporation for the remaining equity, approximating $30,000. At or about the same…