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Business Organizations Keyed to Ragazzo
Kay v. Gitomer
Citation:251 A.2d 853
Plaintiff, Kay and his brother-in-law Eckles started a plumbing business partnership by pooling money together to buy five plots of land. The fifth plot of land had not been used and was being rented out as parking. Once financial losses set in, Kay and Eckles told a realtor that they were looking to sell for the right price. Eckles went out of town one week when Defendant, Gitomer offered to meet the terms that was presented to him before Eckles went out of town. When Gitomer offered to buy, Kay agreed on both he and Eckles’ behalf. When Kay and Eckles wife’s did not sign the deed to convey, Defendant sued for specific performance and the lower court entered judgement for Defendant and ordered specific performance. Plaintiffs appealed.
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