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BYRNES v. MERCIER

No. 3728.

590 P.2d 906 (1979)

Esther BYRNES, Appellant, v. John G. MERCIER, Appellee.

Supreme Court of Alaska.

February 23, 1979.

Attorney(s) appearing for the Case

Helen L. Simpson, Anchorage, for appellant.

J.L. McCarrey, III, McCarrey & McCarrey, Anchorage, for appellee.

Before BOOCHEVER, C.J., and RABINOWITZ, CONNOR, BURKE and MATTHEWS, JJ.

OPINION

CONNOR, Justice.

On April 28, 1976, Esther Byrnes, as seller, entered into a written agreement with John Mercier, as purchaser, entitled "Receipt and Agreement Option to Purchase" concerning Lots 4, 5, and 6, Block 119, of the original townsite of Anchorage. The agreement provided for a total purchase price of $205,000, with a $60,000 down payment "upon 1st draw," and the $145,000 balance payable in monthly...

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