Contracts Keyed to Fuller
Steuart v. McChesney
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Steuart (Defendant) and her late husband entered into an agreement with Mr. and Ms. McChesney (Plaintiffs) granting Plaintiffs a right of first refusal on a parcel of farmland. Under the agreement, Plaintiffs would have the right to purchase the property if Defendant ever found another purchaser for the property. The sale price was set at the market value according to county and state tax assessment rolls. The property had been appraised at a value of $50,000. When Defendant received offers of $30,000 and $35,000, Plaintiffs offered a price of $7,820, which was twice the value listed on the county tax rolls. Defendant refused to sell for that price, and Plaintiffs sued to compel performance. The trial court held that double the assessed value was "a mutual protective minimum price" and determined that Plaintiffs had the right to buy the property for $35,000. The Superior Court reversed. Defendant appealed.
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