Case Number
M2023-01147-COA-R3-CV
This appeal arises out of a contract for the sale of a hotel property near the Nashville airport.
After numerous amendments to the purchase and sale agreement, the seller declared the
prospective buyer to be in default, sold the property to a different buyer, and retained over
18 million dollars in earnest money. The prospective buyer filed suit against the seller for
a declaratory judgment that the liquidated damages provision in the contract was
unenforceable and for conversion. The trial court dismissed the conversion claim and ruled
in favor of the seller on summary judgment. We have concluded that the trial court erred
in its disposition of both causes of action.
Originating Judge
Chancellor Anne C. Martin
Date Filed
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