[Download] "Earl F. Mcgill v. Elmer Lester and Jane" by Court of Appeals of Idaho * Book PDF Kindle ePub Free

eBook details

Title: Earl F. Mcgill v. Elmer Lester and Jane
Author : Court of Appeals of Idaho
Release Date : January 30, 1985
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 62 KB

Description

We are asked to decide whether an "option" to purchase real property should be treated, under the circumstances presented here, as a lien rather than as a contract of conveyance. This question arises from a dispute among several would-be purchasers of the subject property. The trial Judge resolved the dispute against those who claimed under the "option," holding that they had acquired nothing more than a lien to secure a debt. For reasons explained below, we uphold that determination. However, we also remand the case for reconsideration of costs and for an award of prejudgment interest on the secured debt.