Siegel Development, LLC v. Peak Construction LLC

Plaintiff developers purchased two-story, four-unit building to convert it into condo units, and alleged they purchased in reliance on oral promise that construction company would perform renovations needed for a certain price. Construction company then told Plaintiffs, after closing, that it would not be able to do renovation work. Court properly granted summary judgment for Defendants on fraud counts; there was no meeting of the minds as to work to be done, with no definite agreement in place as to scope of work, and thus there could be no false statement of material fact. Reliance on Defendants' statement that a repair and replace permit would suffice was not reasonable. (LAMPKIN and HALL, concurring.)