Contracts Keyed to Farnsworth
Olson v. Etheridge
Facts
The Plaintiffs sold a business to a group of buyers including the Defendants, Dean Etheridge (Ethridge) and August Engelhaupt (Engelhaupt) (Defendant). The terms of this sale were contained in Agreement I. Later, Etheridge sold half of his shares to Engelhaupt pursuant to Agreement II. Both agreements provided for annual installment payments to the Plaintiffs. In Agreement II, Engelhaupt assumed half of Etheridge’s liability to the Plaintiffs. Subsequently, Etheridge transferred his payment rights against Engelhaupt to Princeton Bank, to which Etheridge was indebted. Thereafter, Etheridge, Engelhaupt and Princeton Bank entered into a settlement agreement, Agreement III. Pursuant to this agreement, Engelhaupt paid a sum of money to Princeton Bank. In return, Princeton Bank released its claim against Etheridge and Etheridge released its claim against Engelhaupt. The Plaintiffs initiated this action, claiming that they were third party beneficiaries of Agreement II and therefore, Engelhaupt owed $76,500 to them.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
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.Case Key Terms, Acts, Doctrines, etc.:
A case specific Legal Term Dictionary.Case Doctrines, Acts, Statutes, Amendments and Treatises:
Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:
A Synopsis of the Facts of the case.Rule of Law:
Identifies the Legal Principle the Court used in deciding the case.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.Issue(s):
Lists the Questions of Law that are raised by the Facts of the case.Holding:
Shares the Court's answer to the legal questions raised in the issue.Concurring / Dissenting Opinions:
Includes valuable concurring or dissenting opinions and their key points.Reasoning and Analysis:
Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
Policy:
Identifies the Policy if any that has been established by the case.Court Direction:
Shares where the Court went from here for this case.