Paul v. Kelley

Plaintiff, as assignee of the purchaser’s interest in an earnest money receipt negotiated with defendants, brought an action in fraud seeking compensatory and punitive damages on the ground that defendants intentionally misled the plaintiff as to the value of the subject property. Plaintiff appeals from a judgment for defendants entered after the trial court had sustained a demurrer to the second amended complaint.

Plaintiff’s second amended complaint alleges that defendants entered into an earnest money agreement to sell certain described property to Ponderosa Investment Co., and that…