LAND v. LAND

No. 16238.

605 P.2d 1248 (1980)

Sheila Penrose Larsen LAND, Plaintiff and Respondent, v. William Dennis LAND, Defendant and Appellant.

Supreme Court of Utah.

January 22, 1980.


Attorney(s) appearing for the Case

Paul N. Cotro Manes, Salt Lake City, for defendant and appellant.

Neils E. Mortenson, Salt Lake City, for plaintiff and respondent.


HALL, Justice:

Defendant appeals, challenging the district court's interpretation of the term "equity" as it appears in the stipulation and property settlement agreement of the parties.

Plaintiff obtained a decree of divorce from defendant on November 19, 1974. Said decree specifically adopted the provisions of the written stipulation in question, and, where pertinent to this appeal, the stipulation provided:

7. The parties agree that the business...

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