Jones v. State Farm Fire & Casualty Co.

CRIST, Judge.

Appeal from a summary judgment in favor of State Farm Fire and Casualty Company (State Farm) and from the denial of appellants’ motion for summary judgment. We affirm.

The parties have agreed that there is no material question of fact. The facts, as stipulated are:

In July of 1985, Alendo Building Company (Alendo) contracted to construct a 24-unit apartment building and convey it to G. David Voges for $690,000. Kenneth A. Jones (Jones), sole stockholder and officer of Alendo, orally agreed with Alendo to purchase, improve and then convey the property to Alendo also in consideration…