Legal Opinion
Jim Carpenter Company v. Potts
Supreme Court of Virginia
Decided January 9, 1998No. Record 962510PublishedCited by 15 opinions
1Opinion of the CourtJustice Koontz
The primary issue we consider in this appeal is whether the chancellor properly considered parol evidence to limit the lien of a third deed of trust to the amount of the net proceeds of the sale of a lot encumbered by that deed of trust.
BACKGROUND
The real property that is the subject of this appeal is Lot 23 in the Eden Estates subdivision in King George County. Southface Associates, Inc. (Southface), a land developer, acquired Lot 23 along with forty-five other lots in the Eden Estates subdivision by deed dated July 28, 1989. To finance the transaction, Southface executed a first deed of…
2Cases cited7 opinions
- Wilson v. HolyfieldSupreme Court of Virginia · 1984
- High Knob, Inc. v. AllenSupreme Court of Virginia · 1964
- Durham v. National Pool Equipment Co.Supreme Court of Virginia · 1964
- Commonwealth v. Jones & Robins, Inc.Supreme Court of Virginia · 1947
- Pulaski National Bank v. HarrellSupreme Court of Virginia · 1962
2 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Horvath v. Bank of New York, N.A.Court of Appeals for the Fourth Circuit · 2011
- Virginia Housing Development Authority v. Fox Run Ltd. PartnershipSupreme Court of Virginia · 1998
- Noell Crane Systems GmbH v. Noell Crane & Service, Inc.District Court, E.D. Virginia · 2009
- Adair v. EQT Production Co.District Court, W.D. Virginia · 2017
- Portsmouth Redevelopment & Housing Authority v. IsonPortsmouth County Circuit Court · 2005
10 more not listed; retrieve them via the Exa API.