Baxley v. Cambridge Financial
Shady Hollow Homeowners Association (the Association) sued Cambridge Financial Management, Inc. (Cambridge), the successor in interest to the developer of its project, alleging the developer committed fraud by conveying a long-term leasehold interest in a common area parcel rather than a fee interest. The trial court sustained Cambridges demurrer to the second amended complaint without leave to amend and dismissed the action as to Cambridge, finding the causes of action against it were barred by the statute of limitations. The Association appeals, claiming it pleaded sufficient facts to justify late discovery of the fraud. Court affirm.
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