Mr. and Mrs. Henry Folkerts appeal a decree of specific performance resulting from a lease-option contract for real property.
In 1975 the Folkerts (lessors) executed a lease-option agreement with Mr. and Mrs. Thomas Carpenter, Jr. (lessees) for approximately 62 acres of agricultural land. The contract provided for a yearly payment of $6,300 with an option to purchase at the end of 3 years for $95...
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