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Callahan, Jr., Trustee v. Mountain Empire Oil Co., Inc. (In re Lambert Oil Co., Inc.) (Case No. 03-01183; A.P. No. 04-07135) 11/24/2006

The Court held that only the right to receive future accruing rents passed to the grantees of real estate deeds and, because the grantees undertook to pay daily rent until consummating the purchase, the Trustee could recover unpaid rents for the entire pre-transaction period as well as prejudgment interest and and taxable costs incurred. 

Date: 
Friday, November 24, 2006
Category: 
Adversary Proceedings
Executory Contract
Interest
Sale of Property
Chapter: 
7