Dellwood Enterprises, Inc. v. Pacific American Real Estate Fund

Plaintiff-appellant Dellwood Enterprises, Inc., appeals from an order of the district court granting summary judgment in favor of the defendants Pacific American Real Estate Fund, 1971, a limited partnership under the laws of California, and Pacific American Real Estate Fund Limited, a Hawaii corporation.

The facts underlying the dispute are as follows: At some time in 1974, Phillip R. Foley learned that the “Minnesota Building” located in St. Paul, Minnesota, was for sale. He shared this information with his business associate, Arvin T. Gearman, and they entered into a series of negotiations…