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FIRST SEC. BANK OF IDAHO, N.A. v. HANSEN

Nos. 15188, 15202.

690 P.2d 927 (1984)

107 Idaho 472

FIRST SECURITY BANK OF IDAHO, N.A., a corporation, Plaintiff/Respondent, v. Mark HANSEN and Janet Hansen, husband and wife, Defendants/Appellants/Cross-Respondents, and Flyer's, Inc., an Idaho corporation and Hansen Ranch, Inc., an Idaho corporation, Defendants/Respondents/Cross-Appellants. Mark HANSEN, and Mark Hansen as Personal Representative of the estate of Janet F. Hansen, deceased, Plaintiffs/Appellants/Cross-Respondents, v. FLYER'S, INC., an Idaho corporation; Hansen Ranch, Inc., an Idaho corporation; Earl C. Barnard and Kathryn Barnard, husband and wife; Peter Hodgkinson, individually; Floyd R. Caldwell; and Floyd R. Caldwell, Jr., Defendants/Respondents/Cross-Appellants.

Supreme Court of Idaho.

November 8, 1984.

Attorney(s) appearing for the Case

Henry F. McQuade (argued), and R.H. Young, Nampa, for defendants/appellants/cross-respondents.

Stanley W. Welsh, Boise, for defendants/respondents/cross-appellants Flyers, Inc., and Hansen Ranch, Inc.

No appearance by plaintiff/respondent First Security Bank.

BISTLINE, Justice.

HISTORY

In September, 1977, plaintiffs Hansens, in an attempt to retire, sold their ranch on contract to defendant Flyer's, Inc. The purchase price of $850,000 included all real property, improvements and most of the personal property, to be paid in annual installments. The principals of Flyer's, Inc. personally guaranteed the contract. At the signing of the contract, Hansens received $150,000, which, other than some payments made by defendants...

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