Coronado-Inglenook Land & Development Co. v. Black

The Coronado-Inglenook Land and Development Company, Inc., hereinafter called Coronado or the corporation, instituted action against Gordon W. Black and Thais S. Black, his wife, hereinafter called defendants, to recover compensatory and punitive damages for alleged willful and malicious breach of an option contract held by Coronado to purchase real estate owned by defendants. Upon conclusion of the evidence offered by Coronado, the court sustained a motion to strike, and upon return of verdict for defendants, judgment was entered accordingly. We granted Coronado an appeal.

The corporation was…