Black Diamond Development, Inc. v. Thompson

Black Diamond Development, Inc. ("BDD"), appeals from a judgment in favor of Patrick G. Thompson, in Thompson's breach-of-contract action against BDD. We affirm.

I. Factual Background

On May 19, 1997, the parties in this case executed a document purporting to be an "Agreement for Purchase of Interest" in a condominium "development project in Mt. Crested Butte, Colorado," which BDD was contemplating at that time (hereinafter referred to as "the sell-back agreement"). The sell-back agreement stated, in pertinent part:

"In consideration of cash value received from Patrick G. Thompson . . . in the…