Mack v. Mack
Facts:
There was a family, the parents named A.J. and Mary, which raised their two
sons, Dale and Dean on a dairy farm. In 1985, the dad also known as A.J. was the sole
owner of the dairy farm. He waited until his sons graduated high school to employ
them on the farm. During that time that the boys were working, Dean and Dale had
both purchased their own equipment with their own money to help operate the
duties on the farm.
In 1988, A.J. health started to go down hill so he and his wife decided to lease
the farm out to the boys from 1989-1994. A.J. and Mary also leased out some of the
livestock to the boys for a really good price. The boys orally agreed to form this
partnership and continue what they had been doing for some time now. They were
allowed to use all the equipment and hay that A.J. had as well as the equipment they
owned on their own.
Dale and Dean had been paying their monthly rent to A.J. but his financial
standing was starting to fall. He decided to increase the boys rent so he raised it
from $812.50-1,000 a month.
Later on when the lease expired the parents decided that they were going to
sell the farm to the boys for a really fair price of $255,000. The boys were to pay the
money over the span of 20 years, which would be equivalent to them paying him
