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HANSEN v. STROECKER

Nos. S-214, S-242.

699 P.2d 871 (1985)

Mary Fortuna HANSEN, as Personal Representative of the Estate of James B. Hansen, and Mary Fortuna Hansen, Individually, Appellants, v. William B. STROECKER, Appellee. William B. STROECKER, Cross-Appellant, v. Mary Fortuna HANSEN, as Personal Representative of the Estate of James B. Hansen, and Mary Fortuna Hansen, Individually, Cross-Appellees.

Supreme Court of Alaska.

May 10, 1985.

Attorney(s) appearing for the Case

Gary W. Vancil, Fairbanks, for appellants and cross appellees.

Joseph L. Paskvan, Rice, Hoppner, Brown & Brunner, Fairbanks, for appellee and cross-appellant.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

MATTHEWS, Justice.

On December 31, 1971, James B. Hansen and W.G. Stroecker signed an agreement entitled "Option to Purchase."1 Under the terms of the agreement, Stroecker paid $1,500.00 to Hansen in exchange for an option to purchase some seven parcels. Two river fronting parcels were priced at $500.00 each, two other lots were priced at $250.00 each, one parcel was priced at...

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