Earl F. Mcgill v. Elmer Lester and Jane
1985.ID.15178; 700 P.2D 964; 108 IDAHO 561
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- 4,00 kr
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- 4,00 kr
Publisher Description
We are asked to decide whether an "option" to purchase real property should be treated, under the circumstances presented here, as a lien rather than as a contract of conveyance. This question arises from a dispute among several would-be purchasers of the subject property. The trial Judge resolved the dispute against those who claimed under the "option," holding that they had acquired nothing more than a lien to secure a debt. For reasons explained below, we uphold that determination. However, we also remand the case for reconsideration of costs and for an award of prejudgment interest on the secured debt.