Monday, September 19, 2011

Court reviews the enforceability of a purchase and sales agreement and who is liable for its breach

ROSS H. TARVER, et al., v. OCOEE LAND HOLDINGS, LLC., et al. (Tenn. Ct. App. September 19, 2011)

Plaintiffs sued defendants on a sale of real estate contract wherein defendants agreed to purchase certain real estate located in Polk County from plaintiffs for a stated price. Defendants joined issue on the pleadings in the trial before the Trial Judge.

The Trial Court held that the purchase and sales agreement was enforceable, and refused to find Ocoee Land Holdings, LLC liable for breach of the purchase and sales agreement, but held Glen Fetzner personally liable. Defendants and plaintiffs have appealed.

On appeal, we hold that the purchase and sales agreement was an enforceable contract, but the Court erred when it held Glen Fetzner personally liable for the breach of the purchase and sales agreement, and the Trial Court also erred when it did not find Ocoee Land Holdings, LLC liable for the breach of the contract. We enter Judgment against Ocoee Land Holdings, LLC.

Opinion available at:
http://www.tba2.org/tba_files/TCA/2011/tarverr_091911.pdf