Not So Fee Simple: COA Rules Land Contract Sufficient for Replacement Cost Under Policy Provision
Safeguards 01/03/2018

In an opinion set for publication, Debra Batton-Jajuga v Farm Bureau Gen Ins Co of Michigan, ___ Ct App ____ (2017) (Docket No. 334130), the Court of Appeals essentially adopted the holding from the Iowa Supreme Court stating a land contract satisfies the ‘actual and complete’ replacement requirement under the policy even though another held legal title pending the fulfillment of the land contract. This opinion confirms that under the doctrine of equitable conversion, equity treats the sale as performed when the land contract becomes effective, even if the buyer has not paid the contract off in full. 

To access the full article: http://bit.ly/2CzoWdK 





Secrest Wardle Executive Partner, Sarah L. Walburn, Authors Chapter in ICLE Damages Handbook
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Announcing the April 2018 Episode of Secrest Wardle's MI PIP Monthly
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Secrest Wardle Welcomes Associate Lindsay D. Schmidt to Troy Location
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Announcing the March 2018 Episode of Secrest Wardle's MI PIP Monthly
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Executive Partner, Margaret Scott Appointed to the DMC (Detroit Medical Center) Huron Valley-Sinai Hospital Advisory Board
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