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Anderson v. Copeland
Oklahoma Supreme Court
378 P.2d 1006 (1963)
Walter Anderson (defendant) orally agreed to buy a used tractor from Jack Copeland (plaintiff). Under the oral agreement, the purchase price was agreed to be $450. Anderson took the tractor and attempted to obtain financing for the purchase price. Anderson was not able to find a loan and notified Copeland. Copeland requested Anderson return the tractor. Anderson did so, and the parties considered the sales agreement to be rescinded. Copeland then sued Anderson, seeking damages. The jury returned a verdict of $50 for Copeland based on the reasonable rental value of the tractor for the 11 days that Anderson possessed it, and Anderson requested a new trial. The trial court denied the motion, and Anderson appealed.
Rule of Law
Holding and Reasoning (Per curiam)
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