Iota, LLC v. Davco Management Co.

OPINION

DAVIS, Judge:

¶ 1 Davco Management Company, LC (Daveo) appeals several of the trial court's rulings in favor of Iota, LLC and California Benefit, Inc. (collectively, Plaintiffs), We affirm in part, and reverse and remand in part.

BACKGROUND

¶ 2 In 2005, Daveo, through its member and manager, David Fisher, entered into a real estate purchase contract (REPC) with Iota for the purchase of Casa Sonoma and with California Benefit for the purchase of Casa Grande, both of which are apartment complexes located in St. George, Utah. That purchase was never finalized because Daveo was unable to…