Simi-Moorpark Freeway Properties v. CypressLand
In separate transactions governed by two different purchase agreements, plaintiffs sold real property to defendants that was subject to special city taxes. The city's formula for calculating the taxes, which was contained in a document filed with the county recorder, stated that the city's determination of the tax was "final and conclusive." Both purchase agreements gave the defendants a credit against the purchase price for the amount of the taxes.
Plaintiffs filed this action against defendants, contending that the city's determination of the taxes on the first sale was too high and that they were therefore entitled to an additional sum from the first sale. The trial court granted summary judgment for defendants, concluding that the parties had received exactly what they had bargained for under the purchase agreements. Court affirm for the same reason.
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