Vukanovich v. Kine

Plaintiff Mark Vukanovich and defendant Larry Kine (defendant) entered an agreement to work together to purchase a parcel of real property from Umpqua Bank (Umpqua or the bank). Plaintiff previously owned the property, but lost it to the bank when he could not meet his loan obligations. For reasons disputed by the parties, the joint endeavor failed, and the parties became competitors, each seeking to purchase the property from the bank. The bank rejected plaintiffs offer and accepted defendant’s offer, and plaintiff sued defendant for fraud and breach of contract, including breach of the…