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ROCKY MOUNTAIN HOSP. v. MOUNTAIN CLASSIC

No. 20210798.

523 P.3d 187 (2022)

2022 UT 44

ROCKY MOUNTAIN HOSPITALITY, LLC, Appellant, v. MOUNTAIN CLASSIC REAL ESTATE, INC., Appellee.

Supreme Court of Utah.

Filed December 22, 2022.

Attorney(s) appearing for the Case

Rod N. Andreason , Zachary C. Lindley , Lehi, for appellant.

Jeremy M. Hoffman , Scott L. Sackett II , Salt Lake City, for appellee.

Chief Justice Durrant authored the opinion of the Court, in which Associate Chief Justice Pearce, Justice Petersen, Justice Hagen, and Justice Pohlman joined.

Introduction

¶1 Mountain Classic Real Estate, Inc. (Buyer) entered into a contract with Rocky Mountain Hospitality, LLC (Seller) to purchase a Super 8 motel for $3.4 million. The purchase price included a $30,000 earnest money deposit, which Buyer deposited with a title company to be held...

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