[DOWNLOAD] "Hal Gadd v. York A. and Rose T. Olson" by Supreme Court Of Utah ~ eBook PDF Kindle ePub Free

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eBook details

• Title: Hal Gadd v. York A. and Rose T. Olson
• Author : Supreme Court Of Utah
• Release Date : January 05, 1984
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 59 KB

Description

HALL, Chief Justice: York and Rose Olson, defendants and third-party plaintiffs herein, appeal from a summary judgment that dismissed their third-party action against Mark Johnson for fraud. Prior to April 8, 1981, the Olsons (hereinafter appellants) were in default in the payment of their obligations under a trust deed note and trust deed on their house. To avoid losing the house through foreclosure, appellants accepted an offer of financial assistance from Mark Johnson (hereinafter respondent). On April 8, a transaction conceived by respondent was effected between the parties (i.e., appellants and respondent) whereby appellants conveyed their interest in the house to respondent by warranty deed at a purchase price equal to the unpaid principal balance of the trust deed note ($30,748.89), plus the amount needed to cure the default ($4,250.48), and respondent simultaneously leased the house back to appellants with an option to repurchase at a price of $42,400.

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