Stephanie Shields v. Ida Mae Clark

Summary

The Alaska Supreme Court affirmed the judgment requiring Shields to reimburse Clark for funds Clark contributed toward the purchase of a shared home. The court held that the superior court did not clearly err in finding the contribution was intended as an investment rather than an unconditional gift, and that the parties' memorandum agreement satisfied the statute of frauds because Shields signed it. The court also held that Shields's admission in her answer independently supported the statutory exception for admissions.