Iowa Court of Appeals
786 N.W.2d 519 (2010)
Billy Michael Key (defendant) was reassigned by his employer to work in Norwalk, Iowa. Key’s employer provided a monthly rental-house allowance for one year as a benefit for the reassignment. Key and his wife entered into a purchase agreement with Hubbell Homes, L.C. (Hubbell) (plaintiff) for the purchase of a new home for $376,900. Hubbell was a builder and seller of single-family houses and townhomes. The Keys and Hubble agreed to a delayed closing and also entered into a lease agreement to allow the Keys to take advantage of the rental allowance. However, Key’s position was eliminated during the first year, and the Keys refused to purchase the home at the end of the lease agreement. Hubbell placed the home on the market at the original purchase price of $376,900. Approximately six months later, Hubbell accepted an offer to purchase the home for $350,000. However, the contract was contingent on the buyer selling his or her current residence. This did not occur, and the home remained unsold. Hubbell sued the Keys for breach of contract and sought $36,137.50 for lost profits, along with incidental damages. The trial court granted judgment to Hubbell and awarded $26,900 in general damages, which was calculated by subtracting the market value of $350,000 from the contract price of $376,900, and also awarded a portion of the incidental damages. Hubbell appealed to the Iowa Court of Appeals.
Rule of Law
Holding and Reasoning (Potterfield, 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 221,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 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.