Graham v. Baker

SNELL, Justice.

In 1979, the Henrys purchased a parcel of agricultural land from the Grahams under a real estate contract requiring annual payments. During the course of the next several years, as commodity prices fell and the farm economy worsened, it became increasingly more difficult for the Henrys to make those annual payments. As a result, the parties agreed to some minor adjustments to the contract that allowed the Hen-rys to maintain their end of the bargain until December 1, 1987, when they were unable to make their annual payment.

The Grahams enlisted the services of attorney George…