What Is Reasonable May Be Unreasonable
Farmer Schmidt has a quarter of ground that has long been favored by his neighbor. Farmer Schmidt is trying to downsize and is ready to sell the property to neighbor Jones. Farmer Schmidt and neighbor Jones enter into a contract to purchase the quarter of ground for $2,000 an acre ($320,000). Neighbor Jones is a young farmer, just getting his operation off the ground. He and Farmer Schmidt enter into a purchase for deed contract. The standard in the area is a 20-year con
Jan 13, 2023
