[Download] "Storek & Storek, Inc. v. Citicorp Real Estate" by California Court of Appeals " Book PDF Kindle ePub Free

eBook details

Title: Storek & Storek, Inc. v. Citicorp Real Estate
Author : California Court of Appeals
Release Date : January 15, 2002
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 86 KB

Description

Opinion following rehearing CERTIFIED FOR PARTIAL PUBLICATION 1 This lawsuit arises out of a failed real estate development project. The disappointed investors sued the lender who had refused to continue financing the project, alleging breach of the implied covenant of good faith and fair dealing and fraud in the inducement of the loan agreement. The jury awarded plaintiffs $900,001 on the contract claim and $40.92 million for fraud. We conclude that the judgment must be reversed. I. FACTS