Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hunter Owned a farm and was romantically involved with Green for a while, but they remained friends after the relationship ended. In 1996, hunter was

Hunter Owned a farm and was romantically involved with Green for a while, but they remained friends after the relationship ended. In 1996, hunter was involved in a probate matter with his siblings. Concerned his siblings might sue him for attorney's fees accrued from the probate litigation, Hunter decided to transfer the ownerneship of his farm to Green. Hunter states he and Green made an oral agreement that Green would convey the farm back to hunter when hunter asked for its return.

Hunter Hired Attorney Geoffrey Albrecht to complete the transfer of the property. The real estate transfer of the property. The real estate transfer documents comtemplated the sales of farm to green for $135000 and Hunter financing $115000 of purchase price. Attorney ALbercht prepared the documents for the sales of the farm to Green, including a real estate purchase contract, closing attachment, warranty deed, real estate conveyance statement, and promissory note.

Attorney Albrecht also prepared two promissory notes for $10000, signed by hunter and payable to Green on demand. The parties, however, never exchanged any money for the sale of the farm. The purchase contract, warranty deed, and promissory notes did not contain any language, as condition or expection, memorializing the alleged oral agreement between Hunter and Green That Green would convey the Farm back to hunter upon his demand.

Approximately three year later, Hunter asked for the property back, nut Green refused. When he sued to obtain the farm, the trial court found that the statue of frauds prohibited the claim. Hunter appealed on grounds that the purchase contract, warranty deed, promissory note were sufficient to satisfy the statute of frauds. How do you think appellate court ruled and why?[william W. Hunte, Jr. V. Stacee H.Green, Et al, 2012 Ohio App.Lexis 5001 (2012).]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Finance Terminology Speedy Study Guide

Authors: Speedy Publishing

1st Edition

1635011620, 978-1635011623

More Books

Students also viewed these Finance questions

Question

Discuss two different topics in web programming

Answered: 1 week ago