YANG v. YOO

No. S-3380.

812 P.2d 210 (1991)

Suh Joon YANG and Ha Sook Yang, Appellants, v. Chun Young YOO and Jun Nam Yoo, Appellees.

Supreme Court of Alaska.

May 31, 1991.


Attorney(s) appearing for the Case

George Trefry, Perkins Coie, Anchorage, for appellants.

John C. Pharr, Law Offices of John C. Pharr, Anchorage, for appellees.

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


OPINION

COMPTON, Justice.

The Yoos sold the Inlet Inn in downtown Anchorage to the Yangs. The Yangs defaulted on their payments to the Yoos, and the Yoos sought judicial foreclosure. The Yangs filed a counterclaim alleging that the Yoos promised to return their down payment if the Inlet Inn's revenues for the first year did not exceed $1 million. The Yangs argued that their default was excused and they were entitled to receive their down payment back since...

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