Roberts v. Lomanto

Opinion

SIMS, Acting P. J.

Plaintiff Jerry L. Roberts owned Cable Park Shopping Center (the shopping center) in his capacity as trustee of the Vernon A. Cable Trust. He retained defendant Patricia Lomanto as his agent to sell the shopping center. Lomanto eventually offered to buy the property in her capacity as trustee of her family trust. The parties executed a purchase agreement which stated the price as $11 million.

While still acting as Roberts’s agent, Lomanto assigned the contract to a third party buyer, with Roberts’s consent. Although Lomanto disclosed to Roberts that the third party was…