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ARMSTRONG, GIBBONS v. SOUTHRIDGE INV.

No. 89-404-Appeal.

589 A.2d 836 (1991)

ARMSTRONG, GIBBONS v. SOUTHRIDGE INVESTMENT ASSOCIATES et al.

Supreme Court of Rhode Island.

April 24, 1991.

Attorney(s) appearing for the Case

Joseph G. Kinder, Armstrong, Gibbons, Providence, for plaintiff.

Howard E. Walker, Hinckley, Allen, Snyder & Comen, Peter J. Comerford, Quinn, Cuzzone & Geremia, Providence, for defendants.

OPINION

KELLEHER, Justice.

The plaintiff in this interpleader action is the Rhode Island law firm of Armstrong, Gibbons. The facts of the controversy are undisputed. Codefendants Southridge Investment Associates (Southridge) and Robert M. Felleman (Felleman) entered into a written purchase-and-sales agreement (agreement). The agreement involved an apartment complex in West Warwick, Rhode Island. The purchase price was $3,760,000, of which $100,000 had been...

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