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POLEO v. GRANDVIEW EQUITIES, LTD.

No. 1 CA-CIV 6360.

143 Ariz. 130 (1984)

692 P.2d 309

Vincent N. POLEO and Ann N. Poleo, his wife, Plaintiffs-Appellees, v. GRANDVIEW EQUITIES, LTD., an Arizona corporation, and William Parker and Sharon Parker, his wife, Defendants-Appellants.

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

November 8, 1984.

Attorney(s) appearing for the Case

Killian, Legg, Nicholas & Fischer by Charles W. Wirken, Mesa, for plaintiffs-appellees.

Kenneth K. Miller, Mesa, for defendants-appellants.

OPINION

KLEINSCHMIDT, Judge.

Grandview Equities appeals from a default judgment entered against it as a sanction for failure to comply with an order for production of documents.

The Poleos purchased a business from Grandview known as The Aquarium. The purchase price was $95,000, with a $23,000 down payment. Grandview provided the Poleos with a profit and loss statement and warranted it as a fair and accurate summary of the financial status of the business...

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