Coker v. Dollar
United States Court of Appeals for the Eleventh Circuit
846 F.2d 1302 (1988)
- Written by Rich Walter, JD
Facts
Paul Jackson contracted with Frank and Beverly Dollar (plaintiffs) to give the Dollars a share in the profits from converting Jackson’s apartment complex into condominiums. Jackson instructed the apartment complex’s manager, Barry Coker (defendant), to set up an escrow account for the Dollars. Jackson did not inform the Dollars of this instruction. Coker, who was a licensed real estate agent, misunderstood Jackson’s instructions and negligently failed to set up the account. When the Dollars subsequently discovered that, as a result of Coker’s negligence, they had been deprived of their share in Jackson’s profits, the Dollars brought a federal diversity action against Coker. The district court entered judgment for the Dollars. Coker appealed to the Eleventh Circuit.
Rule of Law
Issue
Holding and Reasoning (Tjoflat, J.)
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