Free Minnesota Supreme Court case summaries from Justia.
If you are unable to see this message, click here to view it in a web browser. | | Minnesota Supreme Court January 21, 2020 |
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Click here to remove Verdict from subsequent Justia newsletter(s). | New on Verdict Legal Analysis and Commentary | The Nature and Cost of Risk and Uncertainty | TAMAR FRANKEL | | BU Law emerita professor Tamar Frankel discusses risk and uncertainty to explain people’s decision making as to investments. Frankel points out that people have varying degrees of tolerance for risk and uncertainty, due in part to cultural and individual differences. | Read More |
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Minnesota Supreme Court Opinions | Village Lofts at St. Anthony Falls Ass'n v. Housing Partners III-Lofts, LLC | Docket: A18-0256 Opinion Date: January 15, 2020 Judge: Thissen Areas of Law: Real Estate & Property Law | The Supreme Court affirmed in part and reversed in part the decision of the court of appeals affirming the district court's dismissal of Village Lofts at St. Anthony Falls' common-law claims and statutory warranty claims, holding that, for statute of repose purposes, a single warranty date applies to an entire condominium claim and that the two buildings in this case that compromised a condominium building were separate improvements to real property. In dismissing Village Lofts' claims, the district court concluded that the claims were barred by the statutes of repose in Minn. Stat. 541.051. The Supreme Court affirmed in part and reversed in part, holding (1) in determining how the statute of repose operates for claims of breach of the statutory warranties in Minn. Stat. ch. 327A, a single warranty date applies to each unit within a condominium building; and (2) the two buildings that compromised the condominium development at issue in this case constituted two separate improvements to real property for purposes of applying the repose period in Minn. Stat. 541.051 to defective and unsafe condition claims. | |
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