Biales v. Young

Toal, Justice:

The purchaser of an interest in some resort property brought this action against the seller’s attorney alleging the attorney breached his duties as escrow agent and violated state securities law. The trial court granted the attorney’s motion for summary judgment on both causes of action. We affirm.

FACTS

Virginia Property Enterprises and Consultants, Inc. (hereinafter “Virginia Property”) owned twelve condominium units located at Reflections Resort in Garden City. William Young, the President of Virginia Property, negotiated a loan of $275,000 from Jim Biales, the plaintiff in…