(DOWNLOAD) "Craig A. Foster & Another v. Francis" by Appeals Court of Massachusetts * eBook PDF Kindle ePub Free
eBook details
- Title: Craig A. Foster & Another v. Francis
- Author : Appeals Court of Massachusetts
- Release Date : January 26, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
At the jury-waived trial of an action arising out of a letter agreement under which the buyers agreed to pay a certain sum for the option of purchasing ""fifty-five (55) plus or minus acres of land and improvements"" the evidence warranted the Judge's determination that the description of the real estate in the letter agreement was sufficient to produce an enforceable contract with respect to the seller's entire fifty-seven and one-half acre holding, and that the seller had repudiated the contract. [594-595] In an action for damages resulting from the seller's breach of a contract to sell certain real estate and improvements for $1,300,000, the buyers were entitled to recover $260,000, representing a net profit of twenty percent on the $1,300,000 the buyers had agreed to pay for the locus, rather than $575,000, the difference between the market value of $1,875,000 and the contract price of $1,300,000, where the Judge, taking the buyers' testimony as the most persuasive evidence of their expectation from the contract, could decide that the difference between market price and contract price in this instance produced excessive damages. [595-596]
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