Lloyd v. Walters

Ness, Justice:

This is a professional negligence case. The complaint of appellant Kay A. Lloyd, alleged respondent James D. Walters, an attorney, was negligent in certifying the president of VA South, Inc., was authorized to sell the corporate property and disburse the proceeds of the sale, all of which caused him injury. The trial judge, sitting without a jury, ordered judgment for Walters. We reverse.

VA South, Inc., was formed for the express purpose of acquiring, holding and selling approximately 33 acres of real estate. This litigation arose out of the sale of the corporate property,…