California Court of Appeal

In a land sale action, trial court's judgment against defendant is affirmed where defendant acted unreasonably and in bad faith in refusing to extend the escrow on a land sale contract after plaintiff paid most of the purchase price and incurred about $5 million in costs for a lot line adjustment, and was bound by an implied covenant of good faith and fair dealing not to do anything that would destroy or injure plaintiff's rights under the purchase agreement.

Appellate Information

• Decided 03/16/2009
• Published 03/16/2009

Judges

• GILBERT, P.J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
• White & Case, Dan Woods, Sayema J. Hameed and Jill A. Martin, Los Angeles, for Appellant.


• For Appellees:
  
• Price, Postel & Parma, J. Terry Schwartz and Timothy E. Metzinger, Santa Barbara, for Respondent.