FLAMINGO INC. v. MIDWEST DEVELOPMENT INC.

No. 23544.

879 P.2d 69 (1994)

110 Nev. 984

FLAMINGO REALTY, INC., a Nevada Corporation; and Terry Fields, Individually and in Her Capacity as an Agent of Flamingo Realty, Inc., Appellants, v. MIDWEST DEVELOPMENT, INC., a Nevada Corporation; Torosan, Inc., a Nevada Corporation; Pius Reiger; and Leroy Hilt, Respondents.

Supreme Court of Nevada.

August 10, 1994.


Attorney(s) appearing for the Case

K. Michael Leavitt, Jason G. Langess and David Rivers, Las Vegas, for appellants.

Cherry, Bailus & Kelesis, Las Vegas, for respondents Midwest, Reiger and Hilt.

Edward R.J. Kane, Las Vegas, for respondent Torosan.


OPINION

STEFFEN, Judge:

THE FACTS

Respondent Midwest Development, Inc. ("Midwest") owned a 45-acre parcel of real property situated in Las Vegas. Respondents Pius Reiger and Leroy Hilt were the principal shareholders of Midwest. In May of 1990, Midwest decided to sell the parcel for a net price of $5,250,000.00. Appellant Terry Fields1 approached Midwest in early September of 1990 and offered to provide a "ready, willing...

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