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REALTY SHOP, INC. v. RR WESTMINSTER HOLDING

7 S.W.3d 581 (1999)

The REALTY SHOP, INC., Plaintiff/Appellee, v. RR WESTMINSTER HOLDING, INC., Defendant/Appellant, and John S. Clark Co., Inc.; Senash, Inc.; and Clarendon National Ins. Co., Defendants.

Court of Appeals of Tennessee, Middle Section, at Nashville.

Certiorari Denied October 25, 1999.

Rehearing Denied June 4, 1999.

Attorney(s) appearing for the Case

Gregory L. Cashion, Carol R. Dunn, Manier, Herod, Hollabaugh & Smith, Nashville, for The Realty Shop, Inc.

John Branham, Donald Capparella, Branham & Day, Nashville, Bryan Cave, Thomas C. Walsh, St. Louis, Missouri, for RR Westminster Holding, Inc.

OPINION

WILLIAM C. KOCH, Jr., Judge.

This appeal involves a problem-plagued commercial development in Nashville called Thompson Station. To shield the project from the developer's financial problems, the principals agreed that a corporation owned by the holding company that owned the contractor would own the project during construction and that the developer would have an option to purchase that corporation...

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