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Ratliff v. Hardison

199 P.3d 696 (2008)
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Ratliff v. Hardison

Arizona Supreme Court
199 P.3d 696 (2008)

Facts

Daniel Hardison (defendant) contracted to purchase land from Alvin Ratliff (plaintiff) for $3.5 million. Hardison had second thoughts and told Ratliff that he could not close at that price. Hardison later informed Ratliff that he still wanted to buy the land, but not at the agreed-upon price. Hardison stated that he would be willing to negotiate. Ratliff refused Hardison’s requests to renegotiate and brought suit for breach of contract. The trial court granted Ratliff summary judgment, finding that Hardison had repudiated the contract. Hardison appealed.

Rule of Law

Issue

Holding and Reasoning (Espinosa, J.)

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