Legal Opinion
Fera v. Village Plaza, Inc
Michigan Supreme Court
Decided June 3, 1976No. 55910, (Calendar No. 1)PublishedCited by 55 opinions
1Opinion of the CourtKavanagh, C. J.
Plaintiffs received a jury award of $200,000 for loss of anticipated profits in their proposed new business as a result of defendants’ breach of a lease. The Court of Appeals reversed. 52 Mich App 532; 218 NW2d 155 (1974). We reverse and reinstate the jury’s award.
Facts
On August 20, 1965 plaintiffs and agents of Fairborn-Village Plaza executed a ten-year lease for a "book and bottle” shop in defendants’ proposed shopping center. This lease provided for occupancy of a specific location at a rental of $1,000 minimum monthly rent plus 5% of annual receipts in excess of $240,000. A $1,000 deposit…
2Cases cited9 opinions
- Isbell v. Anderson Carriage Co.Michigan Supreme Court · 1912
- Godwin v. Ace Iron & Metal Co.Michigan Supreme Court · 1965
- Anderson v. ConterioMichigan Supreme Court · 1942
- Sloan v. Kramer-Orloff Co.Michigan Supreme Court · 1963
- Shropshire v. AdamsCourt of Appeals of Texas · 1905
4 more not listed; retrieve them via the Exa API.
3Cited by55 opinions
- Mid-America Tablewares, Inc. v. Mogi Trading Co.Court of Appeals for the Seventh Circuit · 1996
- Beverly Hills Concepts, Inc. v. Schatz & Schatz, Ribicoff & KotkinSupreme Court of Connecticut · 1998
- Rancho Pescado, Inc. v. Northwestern Mutual Life InsuranceCourt of Appeals of Arizona · 1984
- Super Valu Stores, Inc. v. PetersonSupreme Court of Alabama · 1987
- American Anodco, Inc. And American Bumper & Manufacturing Company, Inc., Cross-Appellants v. Reynolds Metals Company, Cross-AppelleeCourt of Appeals for the Sixth Circuit · 1984
50 more not listed; retrieve them via the Exa API.