Mid-America Real Estate & Investment Corp. v. Lund

VANDE WALLE, Justice.

Mid-America Real Estate and Investment Corporation (Mid-America) appeals from a judgment of the District Court of Cass County dismissing Mid-America’s claims against the three individual defendants, Dwight Lund, Gerald Horning, and Michael Possehl. We reverse and remand for entry of judgment consistent with this opinion.

Lund, Horning, and Possehl were officers and directors of Benchmark Computer Systems, Inc., a North Dakota corporation. During the summer of 1979, the corporation was seeking a new location for its office in Fargo. On July 31, 1979, Lund signed an offer to…