Smith v. Arrington Oil & Gas, Inc.
United States Court of Appeals for the Eighth Circuit
664 F.3d 1208 (2012)
Relevant factsFree
Arrington (defendant) sent landowners (plaintiffs) signed lease agreements and cash-bonus checks conditioned on Arrington's later approval of the leases and titles, but Arrington never approved the titles, admittedly because it wanted to terminate the transactions for unrelated business reasons rather than any actual title defect.
IssueFree
Whether parties to a contract have an affirmative duty to exercise good faith and fair dealing in the fulfillment of conditions precedent in a contract.