City Centre One Associates v. Teachers Insurance & Annuity Assn. of America
United States District Court of Utah
680 F. Supp. 658 (1987)
Relevant factsFree
Teachers Insurance and Annuity Association (Teachers) (defendant) had agreed to lend Price/Prowswood $14.5 million for an office building, with a profit-sharing provision, and that interest was later assigned to City Centre One Associates (plaintiff). When City Centre sued claiming the loan agreement was voidable, Teachers counterclaimed for specific performance and damages; City Centre moved for partial summary judgment on the specific-performance claim, arguing Teachers had an adequate remedy at law.
IssueFree
Whether specific performance is appropriate where the benefit for which specific performance is sought is unique or where relief in the form of damages is not capable of estimation.
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