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TURNER v. DEWCO SERVICES, INC.

No. 6338.

479 P.2d 462 (1971)

Clyde TURNER, Receiver for Lance, Inc., d/b/a Thunderbird Hotel, Appellant, v. DEWCO SERVICES, INC., a Nevada Corporation, Consolidated Casinos, Inc., a Nevada Corporation, and Robert M. Buckalew, Trustee, Respondents.

Supreme Court of Nevada.

January 21, 1971.

Attorney(s) appearing for the Case

John Peter Lee, Las Vegas, for appellant.

Lionel, Sawyer & Wartman, Las Vegas, for respondents.

OPINION

ZENOFF, Chief Justice:

Under date of January 6, 1967 Dewco Services, Inc., contracted to sell the Thunderbird Hotel in Las Vegas to Lance, Inc., for $13,000,000. Terms of sale included a cash down payment of $1,150,000 and the assuming by the buyer of two already outstanding promissory notes secured by deeds of trust totalling $7,560,000, the additional assumption of certain trade obligations and the execution of a third promissory note to Dewco...

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