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EMPIRE MGT. & DEV. v. GREENVILLE ASSOC.

Record No. 970545.

496 S.E.2d 440 (1998)

EMPIRE MANAGEMENT & DEVELOPMENT COMPANY, INC. v. GREENVILLE ASSOCIATES.

Supreme Court of Virginia.

January 9, 1998.

Attorney(s) appearing for the Case

R. Frazier Solsberry, Charlottesville, for appellant.

James N. Deinlein (Peter B. Vaden; Barrick & Deinlein, on brief), Charlottesville, for appellee.

Present: All the Justices.

LACY, Justice.

This appeal arises out of a dispute between Empire Management & Development Company, Inc., (Empire) and Greenville Associates (Greenville) over a rental income guarantee involved in the sale of commercial real estate in Albemarle County.

Under a contract dated February 28, 1986, Sunset Corporation (Sunset),1 agreed to purchase two parcels of commercial real estate located in Albemarle County. The first parcel...

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