Manning v. Dial

Ness, Justice:

This action for fraud and deceit was brought by respondent Manning against appellant Dial in connection with a stock sale. Upon a trial by jury, Manning was awarded $23,750.00 actual damages and $125,000.00 punitive damages. We affirm.

Prior to the difficulties which precipitated this law suit, the parties enjoyed a longstanding personal and business relationship, and engaged in extensive joint real estate development. In the early 1960’s they began development of the Woodland Hills Subdivision near Columbia. In 1965 the parties formed Woodland Utilities, Inc. to operate the…