Skaw ND Precast, LLC v. Oil Capital Ready Mix, LLC

Citations

• 2019 ND 296

Syllabus

When a lessor sells property that is subject to an unfulfilled lease, the buyer takes the property subject to the terms of the lease. A lease is an agreement under which the owner gives up possession and use of property for valuable consideration and for a definite term and at the end of the term the owner has the absolute right to retake, control, and use the property. Conversion is the tortious detention or destruction of personal property, or a wrongful exercise of dominion or control over the property inconsistent with or in defiance of the rights of the owner. The detriment caused by the wrongful conversion of personal property includes fair compensation for the time and money properly expended in pursuit of the property.