Phoenix Investment Holding Company, Inc. v. Nosan & Silverman Homes, LLC

705 N.W.2d 109, 474 Mich. 893

• Court: Michigan Supreme Court
• Decided: October 26, 2005
• Docket: 126561
• Status: Published

Opinion

705 N.W.2d 109 (2005) 474 Mich. 893

PHOENIX INVESTMENT HOLDING COMPANY, INC., Woodland Excavating, L.L.C., and Willacker Homes, Inc., Plaintiffs-Appellees,
v.
NOSAN & SILVERMAN HOMES, L.L.C., Silverman Development Co., Silverman Homes, Inc., Silverman Construction Co. and Toll Brothers, Inc., Defendants-Appellants.

Docket No. 126561. COA No. 246398.

Supreme Court of Michigan.

October 26, 2005.

On October 19, 2005, the Court heard oral argument on the application for leave to appeal the April 20, 2004 judgment of the Court of Appeals. On order of the Court, the application for leave to appeal is again considered and, pursuant to MCR 7.302(G)(1), in lieu of granting leave to appeal, we VACATE in part the judgment of the Court of Appeals and REINSTATE in part the May 7, 2002 order of the Oakland Circuit Court, as to plaintiffs' Count II. The circuit court properly dismissed Count II because the liquidated damages provision also applied to non-monetary default, such as the failure to enter into excavation contracts. We REMAND this case to the Oakland Circuit Court for further proceedings consistent with this order and the non-vacated portion of the Court of Appeals judgment.