Pecuniary Capital v. OrchardHeights Development
Pecuniary Capital, LLC (Pecuniary Capital) and Jalisco Land Corporation (Jalisco) sued Orchard Heights Development, LLC (Orchard Heights) for claims arising from the sale of certain vacant land. According to Pecuniary Capital and Jalisco, they agreed to sell the land to Orchard Heights and Orchard Heights promised to develop the property; Orchard Heights then failed to develop the property. Orchard Heights filed a demurrer, contending that the alleged promise to develop the property was an oral promise barred by the statute of frauds and an integration clause in the written agreement. Orchard Heights further argued that Pecuniary Capital lacked standing to sue because it had conveyed its interest in the property to Jalisco. Court reverse in part and affirm in part with directions set out below.
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