Underwood v. Sterner

This is an action for damages by the owner of a tract of land for the breach of a contract to purchase it. From a judgment of $50,000, with interest from the date of the breach of the contract, the defendant-purchaser appeals.

December 9, 1960, a fire destroyed a building on the tract which had been occupied by two tenants: P-X, a supermarket, as sublessee of Highland Realty, Inc., and the Boeing Aircraft Company, as lessee. The owner gave notice of intention to restore the premises, which kept the leases in effect, the rent being abated during the period of restoration.

The defendant, Joseph…