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Home / Verdicts & Settlements / Oral agreement for option disputed in real estate case – $2,845,000 Verdict (access required)

Oral agreement for option disputed in real estate case – $2,845,000 Verdict (access required)

This case stemmed from a joint venture involving speculation in real estate. A written contract allowed plaintiff to recover his investment if he exercised an option within certain period. An oral agreement extended that option period. Defendant denied the oral agreement. The difficulty was that all other amendments had been in writing. After a three-day ...

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