Question: The McCartheys owned stock in a corporation that controlled the
The McCartheys owned stock in a corporation that controlled the Salt Lake City Tribune. When that company merged with another company, as part of the deal, the McCartheys were told that they would have the right to repurchase the newspaper for five years after the merger. The detailed merger agreement did not mention the right to repurchase. When the company sold the newspaper to Newsmedia in five years instead of allowing the McCartheys to repurchase the paper, the McCartheys sued for breach of contract. The trial court dismissed the claim on grounds that the statute of frauds bar red enforcement of the oral agreement. How do you believe the appellate court ruled on the McCartheys' appeal? Why?
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