The plaintiffs, Gary and Valentina Graf, sought damages for breach of contract after the defendants, Easwara Periyathamby, Chitra Subramaniam, Via Realty Inc., and Mahesan Subramaniam, failed to close on agreements of purchase and sale for two income properties.
The plaintiffs intended to sell these properties to fund the purchase of a restaurant.
The defendants argued that a verbal agreement linked the property sales to the restaurant purchase, stipulating mutual releases and deposit returns if any deal failed, and also alleged misrepresentation regarding one property's use.
The court found no credible evidence of such a verbal agreement or misrepresentation, emphasizing that written contracts with "entire agreement" clauses supersede prior verbal understandings.
The court ruled in favor of the plaintiffs, ordering forfeiture of deposits and awarding damages for the loss incurred on the resale of one property, while dismissing the defendants' counterclaim.