
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
Edition 12ISBN: 978-1111530594
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
Edition 12ISBN: 978-1111530594 Exercise 12
Contract for a Sale of Goods Milton Blankenship agreed in writing to buy 15 acres of Ella Mae Henry's junkyard property for $15,000 per acre with a ten-year option to buy the remaining 28.32 acres. Blankenship orally agreed to (1) begin operating a car skeleton-processing plant within six to fifteen months; (2) buy as many car skeletons generated by the yard as Henry wanted to sell him, at a certain premium over the market price; and (3) allow all junk vehicles on the property to remain until they were processed at the new plant. Blankenship never operated such a plant, never bought any vehicles from the yard, and demanded that all vehicles be removed from the property. To obtain the remaining 28.32 acres, Blankenship fi led a suit in a Georgia state court against Henry, who responded with a counterclaim for breach of contract. Under oath during discovery, Henry testified that their oral agreement allowed him to sell "as many of the car skeletons generated by the Henry junkyard" as he wished, and Blankenship testified that he had agreed to buy as many skeletons as Henry was willing to sell. Does the Statute of Frauds undercut or support Henry's counterclaim? Explain. [Henry v. Blankenship, 284 Ga.App. 578, 644 S.E.2d 419 (2007)]
Explanation
Statute of Fraud
For the statute of fra...
Business Law 12th Edition by Roger LeRoy Miller ,Frank Cross
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