From our private database of 14,000+ case briefs...
Arnold Palmer Golf Co. v. Fuqua Industries, Inc.
United States Court of Appeals for the Sixth Circuit
541 F.2d 584 (1976)
Arnold Palmer Golf Co. (Arnold Palmer) (plaintiff) entered into a business relationship with Fuqua Industries, Inc. (Fuqua) (defendant) for the purpose of acquiring third party manufacturing companies. Together, Arnold Palmer and Fuqua acquired Fernquest and Johnson (Fernquest), a manufacturer of golf clubs. After this acquisition, Fuqua and Arnold Palmer signed a Memorandum of Intent detailing a proposed new corporation to be formed by the two companies. The Memorandum of Intent stated that Arnold Palmer would own 75 percent of the new company, and Fuqua would own 25 percent. Additionally, the Memorandum of Intent contained detailed statements about how the new company would be run and funded, as well as a statement that counsels for Arnold Palmer and Fuqua would “proceed as promptly as possible to prepare an agreement acceptable to Palmer and Fuqua for the proposed Combination of businesses.” The Memorandum of Intent also stated that the agreement between Palmer and Fuqua was conditioned on fulfillment of two conditions: the preparation of a definitive agreement for the proposed combination of the two businesses that was satisfactory to both party, and approval of such agreement by Fuqua’s Board of Directors. Before the definitive agreement was prepared, Fuqua terminated negotiations with Arnold Palmer. Arnold Palmer brought suit in federal district court against Fuqua seeking to enforce the alleged contract. The district court held that since the conditions in the Memorandum of Intent were not fulfilled, the Memorandum of Intent did not represent sufficient intent by Arnold Palmer and Fuqua to be bound by contract. The district court granted Fuqua’s motion for summary judgment, and Arnold Palmer appealed.
Rule of Law
Holding and Reasoning (McCree, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 202,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.