Palos Verdes Corp. v. Housing Authority

This appeal is brought to consider the effect of a conveyance of a 98.6-acre parcel of real property made in 1939 by plaintiff Palos Verdes Corporation, herein termed “Palos Verdes,” to defendant The Housing Authority of the County of Los Angeles, herein termed “the Authority,” and to determine the right of the Authority to subsequently sell a 16.916-acre portion of the larger parcel.

The action in the trial court was commenced in July 1955 seeking a reformation of the instrument of conveyance, imposition of a constructive trust, an injunction and to quiet title. After a trial in November and…