White v. Ralph

This is an action brought for the purpose of cancelling an option to purchase certain real estate located in Bonner County, and for the purpose of obtaining possession thereof. Briefly stated, the facts are substantially as follows:

January 5, 1940, appellants were the owners of a tract of land and on that date entered into an option agreement with respondent, B. Ellsworth Ralph, by the terms of which Ralph was to go into possession and within three years thereafter was to pay the purchase price of $2250.00 as stipulated in the option, and in addition thereto $157.50 to be paid as “annual…