CURTIS v. LEE LAND TRUST

Record No. 850465.

369 S.E.2d 853 (1988)

Douglas C. CURTIS, Jr., et al. v. LEE LAND TRUST, et al.

Supreme Court of Virginia.

June 10, 1988.


Attorney(s) appearing for the Case

Robert B. Halkowich (Spencer, Tanner & Halkowich, Newport News, on briefs), for appellants.

Herbert V. Kelly (Robyn C. Hylton; Alan A. Diamonstein, Jones, Blechman, Woltz & Kelly, Diamonstein, Drucker & Kamp, Newport News, on brief), for appellees.

Present: All the Justices.


COMPTON, Justice.

In this controversy arising from a land trust established pursuant to Code § 55-17.1, the central question presented is whether personal liability on a deed of trust note may be imposed on the beneficiaries of the trust who did not sign the note.

In 1972, Douglas C. Curtis, a "very sophisticated" businessman who "bought and sold land on many occasions," and his wife, entered into an option agreement with Drucker & Falk, a real estate...

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