The Tennessee Court of Appeals released an opinion, Dog House Investments, LLC v. Teal Properties, Inc., et. al., that has some fairly useful issues of law discussed. (This case is currently “unpublished,” but it still has value for its useful content/summary of the law.)
In the case, a building was severely damaged in the Nashville 2010 floods, and the tenant and landlord got into a dispute over the repairs, including: who was required to perform them under the lease; did the landlord commit promissory fraud in statements that he’d reimburse the tenant for repairs; and should the corporate veil be pierced where landlord kept the insurance proceeds and paid his personal bills with the money.
The value here isn’t necessarily in the facts of the case, but the Court’s useful statements of “the law” as it relates to contract interpretation, promissory fraud, and piercing the corporate veil/fraud.
This is a good case to print and save for your next brief.
Creditors Rights 101 