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SPRUCEWOOD INV. CORP. v. AHFC

No. S-9371.

33 P.3d 1156 (2001)

SPRUCEWOOD INVESTMENT CORPORATION, and Northern Construction & Equipment Company, Appellants, v. ALASKA HOUSING FINANCE CORPORATION, Appellee.

Supreme Court of Alaska.

October 19, 2001.

Attorney(s) appearing for the Case

Michael R. Wirschem, Law Office of Paul D. Stockler, Anchorage, for Appellant Sprucewood Investment Corporation.

Frederic E. Brown, Fairbanks, for Appellant Northern Construction & Equipment Company.

Steven D. DeVries, Assistant Attorney General, Anchorage, Bruce M. Botelho, Attorney General, Juneau, for Appellee.

Before: FABE, Chief Justice, MATTHEWS, EASTAUGH, BRYNER, and CARPENETI, Justices.

OPINION

MATTHEWS, Justice.

I. INTRODUCTION

The main question presented in this case is how to interpret a "demolition" contract. In isolation, the contract might be interpreted to permit the removal and sale of buildings, but at the time the contract was made, both parties actually believed that it required the buildings' destruction. Because a contract is interpreted in accordance with the parties' intent at the time of contracting...

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