Facts
Arthur Andrews, Jr. owns land located at 1000 E. Main Street, Akron, Ohio (hereinafter the Property). Arthur Andrews Sr., father of the Arthur Andrews, Jr. conveyed the Property to him 10 years ago. [Transc. Andrews Depo. At 4]. Recently, Arthur Andrews, Jr., as managing agent, decided to build on the Property through the Company. [Transc. Andrews Depo. At 4]. The Company was made in order to complete the construction on the Property. [Transc. Andrews Depo. At 5]. The Company is incorporated in Akron, Ohio, and has had no prior business. [Transc. Andrews Depo. at 5]. The Company applied for a loan through Valley Bank. [Andrews Depo., Exhibit Y]. The Bank completed a …show more content…
[Transc. Andrews Depo. At 3, 5-6]. The Company chose not to investigate the condition of the lot, and therefore did not have knowledge that there were gas tanks and concrete underneath. [Transc. Andrews Depo. At 5-6]. This knowledge would have changed the type of work the Company requested from Asher. [Transc. Asher Depo. At 3]. In negotiating a contract, the Company and Asher corresponded regarding excavation work necessary on the Property. [Transc. Asher Depo. At 4]. When discussing Asher’s bid, Andrews told Asher that the lot was just a vacant lot. Andrews failed to reveal to Asher that a previous owner had applied for a permit to build a gas station, and presumably proceeded with construction of the gas station. [Transc. Asher Depo. At