Alaska Supreme Court

Reggie I. Chambers, Appellant v. Dana Scofield as Guardian of Curtis N. Carley, Appellee

March 4, 20112011 Alas. LEXIS 11

Summary

The Alaska Supreme Court affirmed the superior court's enforcement of a settlement agreement rescinding a triplex sale and reimbursing Chambers for the fair market costs of repairs and improvements. It held that the agreement did not entitle Chambers to additional compensation for profit and overhead because no clear industry standard supported that interpretation and the agreement did not expressly provide for it. The court also upheld the denial of prevailing-party status because both parties prevailed on some issues and the record supported the conclusion that neither was the prevailing party.