Casebooks
Contracts
Named the #9 fastest growing education company in the United States. Thank you for your support!Named the #9 fastest growing education company in the United States. Thank you for your support!
Ragosta (plaintiff) mailed Wilder (defendant) a letter offering to purchase “The Fork Shop” and included a check for $2,000. Wilder returned the check and stated that Ragosta could purchase The Fork Shop for $88,000 at any time prior to November 1 provided that Ragosta appeared with Wilder at the bank, so long as he did not sell to another party first. Ragosta received the letter on October 1 and notified Wilder they would prepare to accept the offer, and Wilder informed Ragosta that there were no other interested buyers. On October 6 Ragosta informed Wilder that they could not close the sale on October 8, as discussed previously, but that they would do so on October 10. Though he was aware that Ragosta had obtained financing for the purchase at a cost of $7500, Wilder called Ragosta on October 8 and informed him that he was no longer willing to sell. Ragosta responded that they would be at the bank on October 15, prepared to close. Ragosta appeared but Wilder did not. Ragosta sued for specific performance and the trial court ruled for Ragosta. Wilder appealed.
The rule of law is the black letter law upon which the court rested its decision.
To access this section, please start your free trial or log in.
The issue section includes the dispositive legal issue in the case phrased as a question.
To access this section, please start your free trial or log in.
The holding and reasoning section includes:
To access this section, please start your free trial or log in.
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.