[Download] "Copper Valley Trading Company v. Alvan H" by Supreme Court of Alaska # eBook PDF Kindle ePub Free
eBook details
- Title: Copper Valley Trading Company v. Alvan H
- Author : Supreme Court of Alaska
- Release Date : January 12, 1973
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
CONNOR, Justice This case comes to us on appeal from the superior court, form dismissal of the complaint for lack of equity jurisdiction. The pertinent facts are as follows. On May 13, 1970, Copper Valley Trading Company through its then president, Merle K. Smith, entered into a Real Estate Contract with Alvan H. Kratz and his wife, Caye Kratz. The Kratzes were to purchase certain land located in Chitina township, the hotel and bar buildings located thereon (popularly known as the Chitina Hotel and the Chitina Bar), and the incidental furniture, fixtures, and contents of the buildings. The contract stated a purchase price of $25,000, acknowledged receipt of a $400 down payment, and anticipated receipt of an additional $4,600 payment by May 15, 1970. The balance of the $20,000 plus interest at 6% per annum on the unpaid portion was to be remitted in 60 monthly installments of $386.70, the first payment due on May 1, 1971.