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ADRIA INTERN. GROUP v. FERRE DEVELOPMENT

No. 00-1526.

241 F.3d 103 (2001)

ADRIA INTERNATIONAL GROUP, INC., Criswell Associates, L.L.C., Plaintiffs, Appellants, v. FERRÉ DEVELOPMENT, INC., Angola Investment, Inc., Mar Chiquita Development Corp., et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided March 2, 2001.

Attorney(s) appearing for the Case

Mark S. Priver, with Santiago F. Lampon-González and Ohashi & Priver on briefs, for appellants.

Etienne Totti-del Valle, with Totti & Rodríguez Díaz on briefs, for appellees.

Before LYNCH and LIPEZ, Circuit Judges, and GARCÍA-GREGORY, District Judge.

LIPEZ, Circuit Judge.

This case involves a failed real-estate transaction, the defendants' refusal to return a $100,000 deposit given by the plaintiffs for an option to buy a valuable Puerto Rico beach-front property owned by the defendants, and the plaintiffs' lawsuit for breach of contract. On summary judgment, the district court awarded the $100,000 deposit to the defendants. The plaintiffs appealed. We reverse and remand for a trial because of the ambiguity of...

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