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Buffaloe v. Hart: Difference between revisions
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Buffaloe began negotiations to purchase the barns. He proposed & paid the 1st of 4 installments of $5,000 to purchase the barns (for a total of $20,000). | Buffaloe began negotiations to purchase the barns. He proposed & paid the 1st of 4 installments of $5,000 to purchase the barns (for a total of $20,000). | ||
Bufalloe applied for a loan to pay the remaining $15,000. The bank didn't approve the loans. Nevertheless, he entered into an agreement to sell 3 of the 5 barns to 3rd parties & informed Hart. | |||
|case_text_links={{Infobox Case Brief/Case Text Link | |case_text_links={{Infobox Case Brief/Case Text Link | ||
|link=https://www.quimbee.com/cases/buffaloe-v-hart | |link=https://www.quimbee.com/cases/buffaloe-v-hart | ||
Revision as of 13:38, July 7, 2023
| Buffaloe v. Hart | |
| Court | Court of Appeals of North Carolina |
|---|---|
| Citation | |
| Date decided | March 1, 1994 |
Facts
Mr. Buffaloe was a tobacco farmer who rented 5 barns from the Hart couple.
The 2 parties, Buffaloe & Hart, had a handshake agreement without a written contract.
Buffaloe began negotiations to purchase the barns. He proposed & paid the 1st of 4 installments of $5,000 to purchase the barns (for a total of $20,000).
Bufalloe applied for a loan to pay the remaining $15,000. The bank didn't approve the loans. Nevertheless, he entered into an agreement to sell 3 of the 5 barns to 3rd parties & informed Hart.
