LANSING, Judge.
This is a dispute over the validity of the exercise of an option to purchase farm property.
I. FACTS AND PROCEDURAL HISTORY
In March 1984, Mel Dennett entered into an agreement with Ronald L. and Ida Marie Kuenzli for the sale of farm property. Although Dennett's initial asking price was $400,000, he agreed to sell the land to the Kuenzlis for $300,000. The purchase price, plus interest, was payable in twenty annual installments....
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