Milton Blankenship agreed in writing to buy 15 acres of Ella Mae Henrys junkyard property for $15,000

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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 Clifford 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 filed 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.

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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