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HOYT INV. CO. v. BLOOMINGTON COMMERCE

No. C7-86-39.

390 N.W.2d 325 (1986)

HOYT INVESTMENT COMPANY, et al., Appellant, v. BLOOMINGTON COMMERCE AND TRADE CENTER ASSOCIATES, et al., Respondents.

Court of Appeals of Minnesota.

Review Denied September 24, 1986.

Attorney(s) appearing for the Case

James R. Bresnahan, William D. Paul, Cochrane & Bresnahan, St. Paul, for appellant.

Mark J. Kiperstin, William S. Rosen, St. Paul, for respondents.

Heard, considered and decided by POPOVICH, C.J., and FOLEY and FORSBERG, JJ.

OPINION

POPOVICH, Chief Judge.

Appellant challenges a judgment dismissing its complaint, claiming the trial court erroneously determined appellant's contractual rights under a settlement agreement. We reverse.

FACTS

On July 21, 1981, respondent Bloomington Commerce and Trade Center Associates, a partnership consisting of William O. Cooley and Arthur J. Petrie (Cooley-Petrie), executed a purchase agreement with seller Metropolitan Sports...

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