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SCHAEFFER v. CHAPMAN

No. CV-92-0327-PR.

176 Ariz. 326 (1993)

861 P.2d 611

Ilona SCHAEFFER aka Ilona Schaeffer-Cronk, a married woman dealing with her sole and separate property, Plaintiff/Appellant, v. Michael L. CHAPMAN and Bonnie L. Chapman, husband and wife; Bonnie L. Chapman, conservator for the estate of Macia Chapman and Jenifer Chapman, minors; Macia Chapman, a minor and Jenifer Chapman, a minor; Valley Hope Association, a Kansas corporation, Defendants/Appellees, and Investors Security Management, Inc., an Arizona corporation, Third Party Defendant/Appellee.

Supreme Court of Arizona, En Banc.

October 14, 1993.

Attorney(s) appearing for the Case

Law Offices of David W. Eagle by David W. Eagle, Phoenix, for plaintiff/appellant Schaeffer.

Jaburg & Wilk, P.C. by Alan H. Susman, Jeffrey H. Wolf, Phoenix, for defendants/appellees Chapman.

Elizabeth A. Kolberg, Phoenix, for defendant/appellee Valley Hope Ass'n.

Steven M. Tidmore, Phoenix, for third party defendant/appellee.

OPINION

CORCORAN, Justice.

Ilona Schaeffer (plaintiff) and her husband purchased Wranglers Roost in New River, Arizona in 1981. In 1983, after two years of remodeling, the Schaeffers began operating Wranglers Roost as a guest ranch and restaurant. The business was unsuccessful and did not generate enough income to pay the mortgage. Plaintiff's mother gave her approximately $70,000.00 to help with the mortgage, but plaintiff still had to close the restaurant...

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