(DOWNLOAD) "City of Brownsville v. Golden Spread Electric Cooperative" by Supreme Court Of Utah " Book PDF Kindle ePub Free
eBook details
- Title: City of Brownsville v. Golden Spread Electric Cooperative
- Author : Supreme Court Of Utah
- Release Date : January 17, 2006
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
This is a summary judgment case. The dispositive issue we decide is whether one of the co-owners of an electrical generating facility effectively exercised its right of first refusal to purchase another co-owners interest. In their appeal, the City of Brownsville and the Oklahoma Municipal Power Authority both contend they effectively exercised their respective rights to purchase the ownership interest of the other appellant AEP Texas Central Company. Golden Spread contends legal impediments exist that prevent either the City of Brownsville or the Oklahoma Municipal Power Authority from purchasing AEP Texas Central Companys interest on the terms necessary to exercise their rights of first refusal. Golden Spread claims its contract to purchase the ownership interest from AEP Texas Central Company is the only purchase agreement among the parties enforceable as a matter of law. After reviewing the summary judgment record and applicable law, we conclude the City of Brownsville effectively exercised its right of first refusal. We therefore reject Golden Spreads argument. We reverse the trial courts judgment in favor of Golden Spread and render judgment that Golden Spread take nothing by its claims for declaratory judgment and specific performance.
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