Wagers v. Associated Mortgage Investors
Washington Court of Appeals
577 P.2d 622 (1978)
Oral agreements involving the sale of land may satisfy the statute of frauds where writings between the parties detail the terms of the agreement or where there has been part performance of the agreement.
Relevant Facts
Robert L. Wagers negotiated with Associated Mortgage Investors (AMI) for the sale of 104 building lots. Wagers submitted an earnest money agreement for $250,000, which AMI later approved at an increased price of $270,000, pending Board approval. Wagers’ attorney confirmed the sale in a letter, stating that Wagers had begun obtaining necessary financing, but AMI’s attorney responded that the Board's approval was still pending and the property had not yet been sold. Wagers sued AMI for specific performance and breach of contract, and AMI successfully moved for summary judgment at trial. Wagers appealed.
Issue
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Holding & Reasoning
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Concurrence
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Dissent
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Last updated:
December 8, 2023
Judicial Opinion
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Procedural History
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Citations
577 P.2d 622 (1978)