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ALBUQUERQUE NAT. BANK v. ALBUQUERQUE, ETC.

No. 13957.

654 P.2d 548 (1982)

ALBUQUERQUE NATIONAL BANK, Plaintiff, v. ALBUQUERQUE RANCH ESTATES, INC., Defendant-Appellee, v. KAC, INC. and Tract C, a partnership, Defendants-Appellants.

Supreme Court of New Mexico.

November 23, 1982.

Attorney(s) appearing for the Case

Ruth Schifani, Modrall, Sperling, Roehl, Harris & Sisk, Albuquerque, for appellee.

George Foster Hannett, Hannett, Hannett & Cornish, P.A., James T. Paulantis, Albuquerque, for defendant-appellee Albuquerque Ranch Estates, Inc.

Charles Crider, Mathews & Crider, P.A., Albuquerque, for defendant-appellant KAC, Inc.

Patrick Villella, Sullivan, Villella, Skarsgard & Noya, Albuquerque, for defendant-appellant Tract C, a partnership.

OPINION

DONNELLY, Judge

Defendants, KAC, Inc. (KAC), and Tract C, a partnership, have each filed separate appeals from a judgment issued in an interpleader action brought by Albuquerque National Bank. The trial court held that KAC and Tract C had forfeited their rights under a real estate contract and adjudicated that the realty covered by the agreement had revested in Albuquerque Ranch Estates, Inc. (ARE).

The seven issues raised by KAC on appeal...

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