Calvin v. Limco, Ltd.

OPINION OF THE COURT BY

KIDWELL, J.

This appeal is from a judgment for plaintiffs-appellees, after a bench trial, in an action seeking declaratory relief in the form of a construction of the cancellation provision in Subscription and Purchase Agreements for the sale and purchase of condominium apartments. We affirm.1

*155Defendant-appellant Limco, Limited (Limco), as seller entered into Subscription and Purchase Agreements (SPAs) with each of the plaintiffs-appellees, as well as with other subscribers. The SPAs bore no dates of execution or effectiveness. By the terms of the SPAs, the subscribers…