Sterling Development Co. v. Collins

Toal, Justice:

This appeal involves a breach of a real estate sale contract. The jury found the Appellants (“the Collins”) breached the contract and awarded damages to the Respondent (“Sterling”) which included lost profits. The Collins brought this appeal arguing there was no evidence of their breach and the damages based on lost profits were awarded in error. We affirm the trial court on both issues.

FACTS

Sterling agreed to purchase one-half interest in a sixteen-acre tract of land owned by the Collins to develop a shopping center. Under the contact, the Collins would retain the remaining…