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Business Organizations Keyed to Macey
Pepsi-Cola Bottling Co. v. Handy
Citation:
2000 WL 364199 (2000)Facts
The plaintiff, Pepsi, is a Maryland corporation that bottles soft-drink beverages. On April 5, 1997, Handy contracted to purchase a 66.13 acre parcel of undeveloped real property for development into a residential subdivision. After learning that the property contained wetlands, the defendants abandoned their plans to develop the property, and instead opted to sell it. In June, 1997, Pepsi became interested in the property as a possible site to construct a new soft-drink bottling facility and acquired an option to purchase from Handy. Handy, however, did not disclose that the property contained wetlands. After Pepsi learned of the fact, it brought this action.
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