Legal Opinion
Wallace Real Estate Investment Inc. v. Groves
Washington Supreme Court
Decided October 21, 1994No. 61448-2PublishedCited by 39 opinions
1Opinion of the CourtMadsen, J.
The principal issue in this case is whether liquidated damages provisions in a commercial real estate purchase and sale agreement were properly upheld in the courts below.
Facts
Joanna Groves and her cousins, Charles and James Siler (the sellers), own 10 acres of undeveloped commercial property in Everett. Report of Proceedings (RP), at 27, 29. On August 1, 1989, the sellers entered into an agreement with Roddy Cox whereby Cox agreed to pay $1,520,000 for the property. Clerk’s Papers (CP), at 24. Real estate prices were in flux at the time, and the sellers established the purchase price to…
2Cases cited19 opinions
- Willener v. SweetingWashington Supreme Court · 1986
- Wise v. United StatesSupreme Court of the United States · 1919
- Walter Implement, Inc. v. FochtWashington Supreme Court · 1987
- Northwest Collectors, Inc. v. EndersWashington Supreme Court · 1968
- Management, Inc. v. SchassbergerWashington Supreme Court · 1951
14 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Xco International Inc., Plaintiff-Appellant/cross-Appellee v. Pacific Scientific Company, Defendant-Appellee/cross-AppellantCourt of Appeals for the Seventh Circuit · 2004
- VersusLaw, Inc. v. Stoel Rives, L.L.P.Court of Appeals of Washington · 2005
- Meresse v. StelmaCourt of Appeals of Washington · 2000
- Meresse v. StelmaCourt of Appeals of Washington · 2000
- Watson v. IngramWashington Supreme Court · 1994
34 more not listed; retrieve them via the Exa API.