[DOWNLOAD] "L. Junior White and Levora White v. Vernon" by Supreme Court of Idaho No. 13416 ~ Book PDF Kindle ePub Free

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eBook details

• Title: L. Junior White and Levora White v. Vernon
• Author : Supreme Court of Idaho No. 13416
• Release Date : January 15, 1982
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 70 KB

Description

This action involves some 960 acres of a 9,000 acre dry farm in Cassia County. The 9,000 acres were, until 1975; owned by Conrad and Anna Rehn. Their son, Vernon Rehn, leased the acreage from them and ran the farm. The lease gave him a right of first refusal to purchase the land if Conrad and Anna decided to sell. In February 1975 Conrad Rehn died. Vernon Rehn wanted to purchase the farm from the estate and his mother. Both parties were amenable to the sale. The executors petitioned the court to authorize the sale and this petition was granted; Vernon also apparently obtained his mother's verbal consent. All arrangements had been made and the contract drafted by March of 1976. Vernon Rehn did not, however, have the necessary $211,000 down payment. Vernon consulted with Robert Hilliard of Idaho Bank & Trust Company and they decided that Vernon should sell 960 of the 9,000 acres in order to come up with the down payment. Both anticipated a cash sale, purportedly due to the estate's need for cash to pay administrative costs and taxes.

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