Question: Ricky and Sherry Wilcox hired Esprit Log and Timber Frame Homes to build a log house, which the Wilcoxes intended to sell. They paid Esprit
Ricky and Sherry Wilcox hired Esprit Log and Timber Frame Homes to build a log house, which the Wilcoxes intended to sell. They paid Esprit $125,260 for materials and services. They eventually sold the home for $1,620,000 but sued Esprit due to construction delays. The logs were supposed to arrive at the construction site precut and predrilled, but that did not happen. So it took five extra months to build the house while the logs were cut and drilled one by one. The Wilcoxes claimed that the interest they paid on a loan for the extra construction time cost them about $200,000. The jury agreed and awarded them that much in damages, plus $250,000 in punitive damages and $20,000 in attorneys’ fees. Esprit appealed, claiming that the evidence did not support the verdict because the Wilcoxes had sold the house for a good price. Is Esprit’s argument credible? Why or why not? How should the court rule? [Esprit Log and Timber Frame Homes, Inc. v. Wilcox, 302 Ga. App. 550, 691 S.E.2d 344 (2010)]
Step by Step Solution
3.45 Rating (155 Votes )
There are 3 Steps involved in it
The court determined that a promise made without a present intent to perform is a misrepres... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
212-L-B-L-C (1029).docx
120 KBs Word File
