- 8 - married man, dealing with his sole and separate property". The title insurance policy covering the 794-acre Bard parcel identified the owners of that parcel as "ZONA KENLY, a divorced woman, and JOHN KENLY, a married man dealing with his sole and separate property". In November 1981, petitioner signed a quitclaim deed to decedent with respect to the 794-acre Bard parcel. In 1983, petitioner signed a quitclaim deed with respect to the 80-acre parcel. In 1984, Zona Kenly and decedent agreed to lease the 794- acre Bard parcel to Tanimura & Antle, Inc. (Tanimura & Antle), from January 1, 1985, to June 30, 1988, for a total rent of $754,600. According to the lease agreement, the lessors were “JOHN KENLY and ZONA KENLY, dealing with their sole and separate property”. Purchase of Additional Parcel of Bard Property In 1986, Zona Kenly and decedent bought an additional 125 acres of property in Bard, California (the 125-acre Bard parcel; the 794-acre Bard parcel and the 125-acre Bard parcel, together, will be referred to as the Bard property), for $440,000. Before completing the purchase of the 125-acre Bard parcel, decedent and Zona Kenly made a counteroffer to the sellers of that parcel. That counteroffer identified the offerors to include "John Kenly, husband of Betty Kenly, * * * [dealing with] his sole and separate property, and Zona Kenly, a widow".Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011