SLAYMAKER v. PETERKIN

Nos. 1958, 1965.

518 P.2d 763 (1974)

Ronald F. SLAYMAKER and Vera Slaymaker, husband and wife, Appellants, v. Thomas PETERKIN, Appellee. Thomas PETERKIN, Cross-Appellant, v. Ronald F. SLAYMAKER and Vera Slaymaker, Husband and wife, Cross-Appellees.

Supreme Court of Alaska.

February 4, 1974.


Attorney(s) appearing for the Case

Karl S. Johnstone, Anchorage, for appellants and cross-appellees.

Kenneth P. Jacobus and Jerry E. Melcher of Hughes, Thorsness, Lowe, Gantz & Clark, Anchorage, for appellee and cross-appellant.

Before RABINOWITZ, C.J., and CONNOR, ERWIN, BOOCHEVER and FITZGERALD, JJ.


OPINION

FITZGERALD, Justice.

These appeals are taken from a summary judgment entered by the superior court in favor of Thomas Peterkin against Ronald F. and Vera Slaymaker.

On February 15, 1971, Ronald F. Slaymaker entered into a written agreement to buy a tract of land from George Huff. Slaymaker promised to pay Huff $135,000 on terms which included $35,000 in cash at the time of closing, together with an unsecured note of $100,000 for the balance...

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