Wagers v. Associated Mortgage Investors

Wagers (plaintiff) negotiated with AMI (defendant) to sell 104 building lots, submitting an earnest-money agreement AMI later approved at a higher price subject to Board approval; Wagers's attorney's confirming letter noted Wagers had begun obtaining financing, but AMI's attorney responded the Board's approval remained pending and no sale had occurred. Wagers sued for specific performance and breach; AMI won summary judgment.

Whether an oral agreement for the sale of land satisfies the statute of frauds where writings between the parties detail the agreement's terms or where there has been part performance of the agreement.