Blue Dolphin Investments, Ltd. v. Kane

BABCOCK, Judge.

Plaintiff, Blue Dolphin Investment, Ltd., appeals a judgment dismissing its claim for breach of contract, alleging that the trial court erred in excluding parol evidence of the parties’ alleged agreement. We affirm.

Blue Dolphin purchased 33,132 shares of corporate stock from defendants. The written purchase agreement provided that the purchase price be secured by a “first deed of trust upon 350 acres of property in El Paso County, Colorado ....” It further provided that: “[A]ny Real Estate pledged as collateral under this contract, shall be released by Sellers upon closing a…