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eBook details

• Title: Esmieu V. Hsieh
• Author : Division Three Court of Appeals of Washington
• Release Date : January 15, 1978
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 53 KB

Description

through a family trust, own over 15,700 acres of agricultural land in Walla Walla County. Desiring to generate more family income by diversifying their holdings, they made two agreements with defendant Jack Hsieh. The first, of December 1973, was to exchange about 9,000 acres (Tract A) for other real estate which Hsieh would provide. The second, of March 1974, a lease and option to exchange agreement (the Agreement), is at issue in this case. It provided for Esmieus to lease another 6,700 acres (Tracts B and C) to Hsieh for approximately 20 years, with rent increases upon specified occurrences, and provided that Hsieh have an option to purchase Tracts B and C by exchanging other real estate with specified values. Hsieh was also, by securing water permits and performing other necessary tasks, to provide irrigation for the leased land. Esmieus were required to cooperate fully in this endeavor. Provision was also made for 60-day notice of claimed default, and for termination if default should remain uncured.

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