Kreisers Inc. v. First Dakota Title Ltd. Partnership

GILBERTSON, Chief Justice.

[¶ 1.] Kreisers Inc. hired First Dakota Title to assist it with a like-kind property exchange in order to receive tax deferred benefits under 26 U.S.C. § 1031. After a partial failure of that exchange, Kreisers sued First Dakota for negligence and negligent misrepresentation. The circuit court determined that First Dakota was negligent in assisting Kreisers with the exchange. First Dakota appeals. We affirm.

FACTS AND PROCEDURAL HISTORY

[¶ 2.] Kreisers Inc. is a Subchapter S corporation that distributes and sells medical supplies. Its principal office is located in…