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KAL-CEN CORP. v. BEZTAK PROPERTIES, INC.

No. 87-CV-2158-DT.

695 F.Supp. 903 (1988)

KAL-CEN CORPORATION, a Delaware corporation, Plaintiff, v. BEZTAK PROPERTIES, INC., a Michigan corporation, Defendant.

United States District Court, E.D. Michigan, S.D.

September 27, 1988.

Attorney(s) appearing for the Case

Robert G. Russell, Kerr, Russell and Weber, Detroit, Mich., for plaintiff.

Frederick B. Bellamy, Bellamy and Gilchrist, Detroit, Mich., for defendant.

MEMORANDUM OPINION AND ORDER

WOODS, District Judge.

The parties to this bench trial each claim entitlement to a One Hundred Thousand Dollar ($100,000.00) good faith deposit pledged pursuant to a contract to purchase a mortgage.

Plaintiff, Kal-Cen Corporation, holds a purchase money mortgage on the Kalamazoo Hilton Center, a hotel and retail establishment located in Kalamazoo, Michigan. The mortgagee and payor, Kalamazoo Center Partners, L.P., desired...

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