Hobco, Inc. v. Tallahassee Associates

VANCE, Circuit Judge:

I. FACTS

This is an appeal from the district court’s judgment granting appellee, Hobco, Inc., an equitable lien against a Tallahassee office building owned by appellant, Tallahassee Associates, releasing Hobco from its rental guaranty agreement and rejecting appellant’s breach of warranty and misrepresentation claims against Hobco. The relevant sequence of events began with Hob-co’s 1983 sale of the Tallahassee office building to a syndicating company, 21st Century Equity, Inc. (hereinafter called “21st Century”), which in turn assigned its rights under the contract of…