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CHICAGO TITLE INS. CO. v. RENAISSANCE HOMES

No. 1 CA-CIV 6051.

139 Ariz. 494 (1983)

679 P.2d 517

CHICAGO TITLE INSURANCE COMPANY, a Missouri corporation, Plaintiff-Appellant, v. RENAISSANCE HOMES, LTD., an Arizona corporation; and Bruce D. Schoenberger, Defendants-Appellees.

Court of Appeals of Arizona, Division 1, Department B.

Reconsideration Denied January 1, 1984.

Attorney(s) appearing for the Case

Head, Gullinson & McCoy by Robert D. McCoy, Phoenix, for plaintiff-appellant.

Marton, Halladay & Hall, P.A. by Kraig J. Marton, Phoenix, for defendants-appellees.

OPINION

GREER, Judge.

This matter arises from Renaissance Homes, Ltd.'s, (Renaissance) refusal to perform on a real estate agreement executed as a result of its successful bid to purchase a parcel of land from the State of Arizona. The determinative issue on appeal is whether the amended agreement between the state and Renaissance amounted to a substantial and material change from the terms of the bidding requirements announced to the public so that the agreement...

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