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IN RE WALDRON

Bankruptcy No. 285-20425.

65 B.R. 169 (1986)

In re Monte Ross WALDRON and Masako Waldron, Debtors.

United States Bankruptcy Court, N.D. Texas, Amarillo Division.

September 17, 1986.

Attorney(s) appearing for the Case

Thomas P. Stamps, Atlanta, Ga., Dan C. Coffey, Dalhart, Tex., for debtors.

Coleman Young, Culton, Morgan, Britain & White, Amarillo, Tex., for Serendipity.

MEMORANDUM OF DECISION

CONCERNING LAND SALE CONTRACT

JOHN C. AKARD, Bankruptcy Judge.

Statement of Facts

On February 26, 1982, Serendipity Farms (Serendipity) and the Debtors entered into a "Real Estate Multi-Party Exchange, Purchase and Sale Agreement" (Agreement) along with a third party, Chris Bauer. The Agreement covered 464 acres of farm land in Hartley County, Texas, together with...

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