Firebaugh v. Hanback

SENIOR JUSTICE POFF

delivered the opinion of the Court.

We awarded this appeal to consider whether two real estate agents who had entered into a contract to purchase real estate owned by their principal were entitled to specific performance of that contract. We will uphold the chancellor’s judgment denying the prayer of the purchasers’ bill of complaint.

The chancellor based his decision on a finding that the agents breached the fiduciary duty they owed to their principal. We will summarize the evidence underlying that finding as it was adduced in hearings conducted by a commissioner in chancery.