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JOLLEY v. IDAHO SECURITIES, INC.

No. 9685.

414 P.2d 879 (1966)

Eldon W. JOLLEY and Edna Jolley, husband and wife, and E. Dale Jolley and Mildred Jolley, husband and wife, Plaintiffs and Appellants, v. IDAHO SECURITIES, INC., an Idaho corporation, Fred R. Jacobsen, President of Idaho Securities, Inc., and Mary Louise Jacobsen, Secretary of Idaho Securities, Inc., and Fred R. Jacobsen and Mary Louise Jacobsen, husband and wife, State of Idaho, and United States of America, Defendants and Respondents.

Supreme Court of Idaho.

Rehearing Denied June 7, 1966.

Attorney(s) appearing for the Case

Hugh C. Maguire, Jr., and Jones, Pomeroy & Jones, Pocatello, for appellant.

Charles Herndon, Salmon, for respondents.

Allan G. Shepard, Atty. Gen. for State of Idaho, Sylvan A. Jeppesen, U. S. Atty., and Jay F. Bates, Asst. U. S. Atty., Boise, for respondent United States of America.

McFADDEN, Chief Justice.

This action arises out of an agreement dated June 16, 1963, for the exchange of real and personal property executed by plaintiffs-appellants, Eldon W. Jolley and wife, and E. Dale Jolley and wife, and by the defendant-respondent Idaho Securities, Inc., a corporation, (herein referred to as the corporation.)

Prior to execution of this agreement, the Jolleys owned certain ranch land situate in Lemhi County, together with certain farming...

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