Randall v. Riel

This is an appeal from a decision of the Belknap County Superior Court (Dunfey, C.J.), approving the report of a Master (Bernard I. Snierson, Esq.), which strictly enforced the forfeiture clause in a contract or bond for deed. For the reasons which follow, we reverse and remand.

The factual situation which gives rise to the question involved in this appeal may be simply stated. The plaintiffs, Glenn and Sharon Randall, signed an agreement with the defendants on November 28,

1980, which the parties referred to as a “bond for deed.” The agreement called for the plaintiffs to purchase land and…