Opinion ID: 1851425
Heading Depth: 1
Heading Rank: 2

Heading: The award of a 70-percent interest in the contract for deed.

Text: The parties sold an apartment building in Minneapolis on a contract for deed in December 1968 for a total purchase price of $135,000 with a downpayment of $35,000. Some joint obligations of the parties amounting to $14,000 were paid from the downpayment, so that the net downpayment was approximately $21,000. The purchaser proceeded to make payments at the rate of $1,000 per month until by the time of trial the balance owing was $75,901.21. At the time of the sale, the parties signed the following document: NOTICE TO: Scheurer Realty Co. Inc. 4625 Nicollet Ave. So. Minneapolis, Minnesota You are hereby notified that all payments to be paid by you under the Contract for Deed relative to the purchase of the property at 1801 LaSalle Avenue, Minneapolis, Minnesota, are to be made to Mrs. Gladyce M. Senglaub whose present address is 1801 LaSalle Avenue, Minneapolis, Minnesota. /s/ Lyell J. Senglaub /s/ Gladyce M. Senglaub Dated this 30 day of Dec. 1968. The court awarded plaintiff a 70-percent interest in this contract. Defendant contends that the notice quoted above constituted an assignment of plaintiff's interest in the contract to defendant and it was inappropriate for the trial court to award plaintiff any interest in that contract. Under the circumstances in this case, we would conclude that the notice quoted above was nothing more than a direction that payments could be made to defendant as an agent for plaintiff. In any event, this property was acquired during coverture, and under Minn.St. 518.58, the trial court may make such disposition of the property of the parties acquired during coverture as it shall determine just and equitable. The trial court could properly make this award in ordering a division of all the assets of the parties.