Schott v. Equity Title Co.
Equity Title Company (Equity) appeals from a judgment entered after a jury trial. The jury found Equity liable to David R. (David) and Constance M. (Constance) Schott (collectively, the Schotts) on their claims of fraudulent misrepresentation and breach of contract. The jury awarded the Schotts damages of $2,936,985. As to the breach of contract claim, Court find that the trial court erred in: (1) determining that the contract was ambiguous, and (2) submitting this cause of action to the jury without any guidance as to Equitys contractual obligations. Court therefore reverse the judgment as to breach of contract and remand for further proceedings on this cause of action. Court reverse the judgment on the fraudulent misrepresentation cause of action because substantial evidence does not support the jurys verdict.
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