Property Assistance Corp. v. Roberts

BENCH, Judge:

Defendants seek reversal of a decree of specific performance for the sale of real property. On appeal, defendants claim error in the trial court’s finding that the contract at issue was not an option contract. We affirm.

Plaintiff Property Assistance Corporation (Property Assistance) is a Utah corporation in the business of investing in distressed real estate. In January 1986, William Oelerich, president and sole employee of Property Assistance, learned that the Sandy, Utah, home of defendants Douglas C. Roberts and Betty J. Roberts was to be sold at a trustee’s sale. On behalf of…