Douglas Co. v. Gatts

Appellees, Dewey and Mary Alice Gatts, sold a parcel of land in Raven-na to Owen and Patricia Lavelle, d.b.a. Ravenna Plaza Associates (“RPA”). The balance due on the purchase price, $175,000, was evidenced by a note and secured by a mortgage held by appellees. RPA sold the subject property to appellant, the Douglas Company. Before the sale, a meeting was held which was attended by, among others, appellant’s president and appellee Dewey Gatts.

Appellant filed an action for a declaratory judgment against appellees alleging it bought the property from Owen and Patricia Lavelle as a result of an…