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Value of property key to breach of contract dispute
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Court Report
Wednesday, February 21, 2018
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After discovering that a portion of their property was actually owned by the federal government, property owners in Nebraska filed a claim with their title insurer. The title insurer denied the claim and the property owners filed suit for breach of contract. The court’s motion on the title insurer’s motion for partial summary judgment hinged in part on how to calculate the value of the affected property to determine the loss sustained by the insured property owners. Read on for more details.
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