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Buffaloe v. Hart: Difference between revisions
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|date=1994-3-1 | |date=1994-3-1 | ||
|subject=Contracts | |subject=Contracts | ||
|facts=Mr. Buffaloe was a tobacco farmer who rented 5 barns from the Hart couple. | |facts=Mr. Buffaloe was a tobacco farmer who rented 5 barns from the Hart couple. | ||
Latest revision as of 03:40, July 14, 2023
Buffaloe v. Hart | |
Court | Court of Appeals of North Carolina |
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Citation | |
Date decided | 1994-3-1 |
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.
The following day, Hart informed Buffaloe that the barns had been sold & returned Buffaloe's check.Procedural History
Buffaloe sued the Harts for breach of contract in state court.
The Harts answered that there wasn't a breach of contract based on the statute of frauds.
The jury decides in favor of Buffaloe.