Mitchell v. Flynn

VIOLETTE, Justice.

Defendant Flynn appeals from a judgment against him for breach of contract and from an order granting plaintiffs a new trial on three other counts following a jury trial in Superior Court, Kennebec County. We deny his appeal.

In 1974, the Mitchells purchased two lots for $38,000 in, a development at Kineo Island on Moosehead Lake. They financed their purchase through a special arrangement with Flynn, who was president, chief executive officer, and majority shareholder in the developer, the Moosehead Kineo Company (Company). First, they gave a $20,000 first mortgage to First…