[DOWNLOAD] "Steed Realty v. Deborah and Daruish Oveisi" by Western Section, at Jackson Court of Appeals of Tennessee * eBook PDF Kindle ePub Free

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eBook details

• Title: Steed Realty v. Deborah and Daruish Oveisi
• Author : Western Section, at Jackson Court of Appeals of Tennessee
• Release Date : January 08, 1991
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 76 KB

Description

This appeal arises from a dispute over the sale of real estate in Panola County, Mississippi. Several cases were consolidated
and the action was heard at a bench trial in the Circuit Court at Shelby County, Tennessee. The seller of the real estate
alleges that certain purchasers defaulted on their promissory notes for the purchase of the land. The purchasers allege breach
of contract, fraud, unfair and deceptive acts in violation of the Tennessee Consumer Protection Act and misrepresentation.
The trial court held in favor of the purchasers and the seller appeals. This case is a consolidation of four separate actions. The first three actions were brought by the seller, Frank Joe Steed
(hereinafter Steed) in the General Sessions Court at Shelby County following foreclosure of the real estate interests of three
of the purchasers when they defaulted on their promissory notes. The judgments were appealed de novo to the Circuit Court
and the purchasers each brought a counterclaim against Steed alleging breach of contract, fraud, violation of the Tennessee
Consumer Protection Act, and misrepresentation. The fourth action was an original complaint brought in Circuit Court by seven
other purchasers of real estate against Steed alleging the same causes of action as in the counterclaims. Generally, the purchasers
claim that they had been told by Steed or one of his agents that Sardis County Estates, where the land is located, is a subdivision
to be built in the future, and in keeping with that idea, the roads providing ingress and egress to the purchased lots would
be graveled to Panola County standards, electricity lines would be run along the roads, and access to a water source would
be provided for each lot.

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