DONALDSON, Justice.
The appellants, Jesse and Dixine Rice, husband and wife, own a business establishment in Pierce, Idaho, called the Timber Inn. On May 26, 1972, the appellants leased the premises to Bruce Bailey. Also on that day, the appellants, Bailey, and William and Donna Gardner entered into a "Tri-Party Memorandum of Agreement" to transfer the inventory and the beer and liquor licenses for the Inn to Bailey.
On October 16, 1972, Bailey assigned his...
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