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  5. 597 N.E.2d 320 (1992)
 

ANNON II, INC. v. RILL

No. 49A02-9111-CV-535.

597 N.E.2d 320 (1992)

ANNON II, INC., Merchants National Corporation, and Merchants National Bank & Trust Company of Indianapolis, Appellants-Defendants, v. Eric RILL, Appellee-Plaintiff.

Court of Appeals of Indiana, First District.

Rehearing Denied September 10, 1992.

Transfer Dismissed September 22, 1992.

Attorney(s) appearing for the Case

David C. Campbell, Karl L. Mulvaney, Nana Quay-Smith, Douglas E. Cressler, Bingham Summers Welsh & Spilman, Indianapolis, for appellants-defendants.

Henry J. Price, Jerry Garau, Price & Barker, Indianapolis, for appellee-plaintiff.

RATLIFF, Chief Judge.

STATEMENT OF THE CASE

Annon II, Inc., Merchants National Corporation, and Merchants National Bank & Trust Company of Indianapolis ("Merchants") appeal from a judgment in favor of Eric Rill in an action for breach of a contract in the sale of real estate and an award of $3,585,000 compensatory damages and $2,000,000 punitive damages. We affirm in part, reverse in part, and remand.

ISSUES

We consolidate and restate...

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