Lindland v. United Business Investments, Inc.

This is an action in tort for damages claimed to have resulted from breach of the fiduciary duty of a broker, defendant United Business Investments, Inc. (UBI), in the sale of plaintiffs’ business. UBI appeals from the judgment of $249,431.72 for plaintiffs entered after a jury trial. The judgment included six categories of damages, including $50,000 for impairment of credit. We reverse the award for impairment of credit and otherwise affirm.

We view the facts in the light most favorable to plaintiffs. In March, 1980, plaintiffs entered into a listing agreement with UBI for the sale of their…