JENSEN v. BOUWHUIS

No. 15198.

577 P.2d 555 (1978)

Carl J. JENSEN, Plaintiff and Respondent, v. Albert BOUWHUIS and Lola W. Bouwhuis, Defendants and Appellants.

Supreme Court of Utah.

March 15, 1978.


Attorney(s) appearing for the Case

Richard Richards, of Richards & Mecham, Ogden, for defendants and appellants.

George B. Handy, Ogden, for plaintiff and respondent.


ELLETT, Chief Justice:

The defendants as sellers and the respondent as purchaser entered into an Earnest Money Receipt and Offer to Purchase Realty, the terms of which provided for the payment of the sum of $1,000 upon acceptance by the seller; $14,000 on delivery of the deed or final contract of sale; and the balance to be paid at the rate of $8,000 per year for ten years, plus interest at the rate of seven percent (7%).

The agreement was conditioned on the...

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