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FRANCHI v. FARMHOLME, INC.

(10597)

191 Conn. 201 (1983)

SERGIO FRANCHI ET AL. v. FARMHOLME, INC., ET AL.

Supreme Court of Connecticut.

Decision released August 23, 1983.

Attorney(s) appearing for the Case

Raphael Korff, for the appellants (defendants).

James F. Brennan, Jr., for the appellees (plaintiffs).

HEALEY, PARSKEY, SHEA, GRILLO and BORDEN, JS.

PARSKEY, J.

On June 30, 1977, the defendant, Farmholme, Inc. (Farmholme), purchased a 200 acre estate in Stonington for $300,000, financed by $280,000 in mortgages. This property included a main house, a guest house, a caretaker's cottage and various outbuildings. Thereafter, around June, 1978, and for some time prior to September 6, 1979, the defendant John W. S. McCormick, a business associate of the defendant

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