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ALLEN v. VAUGHN

No. S-12080.

161 P.3d 1209 (2007)

Wesley S. ALLEN, Appellant, v. Barbara A. VAUGHN, Appellee.

Supreme Court of Alaska.

June 22, 2007.

Attorney(s) appearing for the Case

Ralph B. Cushman, Law Offices of James H. McCollum, LLC, Anchorage, for Appellant.

Sarah J. Tugman, Anchorage, for Appellee.

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

OPINION

FABE, Chief Justice.

I. INTRODUCTION

Wesley Allen and Barbara Vaughn were divorced in 1996. Their property settlement called for the division of the proceeds from two parcels of real estate that both parties expected to sell soon. In 1997, when the parcels had not yet sold, Allen and Vaughn reached a new agreement under which each party would receive one of the parcels and buy the other's interest in that property. Because...

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