G/GM Real Estate Corp. v. Susse Chalet Motor Lodge of Ohio, Inc.
Ohio Supreme Court
575 N.E.2d 141 (1991)
Relevant factsFree
G/GM's (plaintiff) title search for a hotel it agreed to buy from Susse (defendant) revealed an improperly recorded lease memorandum to a third party; G/GM sought an affidavit confirming the lease was cancelled while repeatedly pushing back the closing date, and evidence suggested it couldn't actually pay the purchase price. When the sale failed to close, G/GM sued claiming Susse failed to deliver marketable title, and Susse counterclaimed that G/GM breached by failing to tender payment; the trial court ruled for Susse, the court of appeals reversed, and Susse appealed.
IssueFree
Whether, to be marketable, a title must be in a condition that would satisfy a buyer of ordinary prudence.
Related cases
Detwiler v. Zoning Hearing Board596 A.2d 1156 (Pa. Commw. Ct. 1991)Lick Mill Creek Apartments v. Chicago Title Insurance Co.283 Cal. Rptr. 231 (1991)First Indiana Federal Savings Bank v. Hartle567 N.E.2d 834 (1991)Kuhn v. Spatial Design, Inc.585 A.2d 967 (1991)Candlewood Lake Association, Inc. v. Scott610 N.E.2d 562 (Ohio Ct. App. 1991)