Legal Opinion
Prime Income Asset Management Inc. v. One Dallas Centre Associates LP
Court of Appeals for the Fifth Circuit
Decided December 23, 2009No. 09-10349UnpublishedCited by 3 opinions
1Opinion of the Court
PER CURIAM: *
After failing to consummate a commercial real estate transaction, Prime Income Asset Management, Inc. (Prime) sued One Dallas Centre Associates, L.P. (ODCA) seeking to recover $750,000 in earnest money. Prime asserted various contract and fraud claims. ODCA moved for summary judgment on all claims, which the district court granted. Prime appeals.
Prime and ODCA entered a Purchase and Sale Agreement (the Agreement) for a commercial building in Dallas, Texas. As part of the Agreement, Prime deposited $750,000 in earnest money in an escrow account. The parties realized they would be…
2Cases cited18 opinions
- National Union Fire Insurance Co. of Pittsburgh v. CBI Industries, Inc.Texas Supreme Court · 1995
- Schlumberger Technology Corp. v. SwansonTexas Supreme Court · 1997
- Ernst & Young, L.L.P. v. Pacific Mutual Life Insurance Co.Texas Supreme Court · 2001
- Federal Land Bank Ass'n of Tyler v. SloaneTexas Supreme Court · 1992
- Haase v. GlaznerTexas Supreme Court · 2002
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3Cited by3 opinions
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