THOMPSON v. SMITH

No. 16662.

620 P.2d 520 (1980)

Thomas T. THOMPSON and Lula Thompson, his wife, Plaintiffs and Respondents, v. Q. Keith SMITH and Rosslyn Smith, his wife, Defendants and Appellants.

Supreme Court of Utah.

November 14, 1980.


Attorney(s) appearing for the Case

Jim R. Scarth, David Nuffer of Snow & Nuffer, St. George, for defendants and appellants.

Phillip L. Foremaster, St. George, for plaintiffs and respondents.


HALL, Justice:

The defendants appeal the judgment of the district court which reforms a real estate contract.

In December, 1976, the plaintiffs, as sellers, entered into a contract with defendants, as buyers, for the sale of a cafe, store and motel located in Virgin, Utah. The purchase price of $51,000 was to be paid by a $22,000 down payment and monthly payments of $200 thereafter, to accrue at the rate of 8 percent per annum on the contract balance. However...

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