LW 221 Lecture 20: Sun Valley Case
Document Summary
Principle(s) underlying this case: citation(s) to page of textbook/ course supplement verifying it as a valid statement of the law. Hoffman( buyer) contacted the sun valley company about purchasing an undeveloped lot known as (cid:862)ruud mountain property(cid:863). On january 21, 1977 the representative of sun valley, conger and the buyer reached an agreement to sell the property for ,000. The byer sent a letter confirming the conversation and sent a check for ,000. In the letter it stated that if sun valley turned them down they should return the. However, sun valley deposited the check and on march 21 1977 they granted approval for the three building lots on the ruud mountain property. State of frauds: (cid:862)to be enforceable a real estate contract must be in writing and signed by the defe(cid:374)da(cid:374)t. (cid:863) Beatty, samuelson, business law and the legal environment, 7th edition (2016) The writing for the sale of the rudd mountain property is both written and oral.
