Peterson v. Holmgren Land and Livestock Company

WADE, Chief Justice.

Holmgren Land and Livestock Company appeals from a judgment granting specific performance of a contract to convey certain land to Eugene Peterson, plaintiff below and respondent herein.

The record discloses that Holmgren Land and Livestock Company, appellant herein, is a family corporation. Its stockholders, officers and board of directors consisted of the father, mother and three sons. It was incorporated for the purposes, among others, for buying, selling, leasing, trans ferring and otherwise acquiring or alienating real property. In the minutes of a meeting of the hoard…