Real Estate/Development
Mar. 19, 2011
A Deal's a Deal, 9th Circuit Rules
Multimillion-dollar real estate deals scrawled on bar napkins can still constitute legally binding agreements, a recently published decision from the U.S. 9th Circuit Court of Appeals reminds the building industry.
Daily Journal Staff Writer
Multimillion-dollar real estate deals scrawled on bar napkins can still constitute legally binding agreements, a recently published decision from the 9th U.S. Circuit Court of Appeals reminds the building industry.
The case in question actually involved nine typed paragraphs outlining a $31 million ground contract between the Bay Area mortgage company First National and the Rockville, Md.-based Federal...
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