Leon Ltd. v. Albuquerque Commons Partnership

CORRECTED OPINION

KOEHLER, Justice.

The opinion dated July 21, 1993 is hereby withdrawn and the following is the opinion of this Court.

This is an appeal from a judgment notwithstanding the verdict of the jury in a suit brought by Appellees for breach of contract and fiduciary duties in which suit Appellants counterclaimed for breach of a prior oral contract. We affirm in part and reverse and render in part the judgment of the trial court.

FACTUAL BACKGROUND

Richard J. Leon (Leon) had been involved in the leasing of real estate in Albuquerque, New Mexico since 1973. In 1975, he went out on his own…