Severson v. Elberon Elevator, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that an oral contract can exist even though the parties’ intent is to reduce it to a writing later
• noting that specific performance is available as a remedy if the property at issue is unique or has special value and that 38 the defendant’s financial situation is a factor to consider in determining whether damages are an adequate remedy
• determining on de novo review that negotiations ripened into enforceable oral contract
• the defendant notified his elevator manager that he was selling the elevator and that the manager would not be employed by the new owner
• “[P]arties to a valid contract may rescind or abandon it . . . .”

Source: CourtListener parenthetical corpus (CC0).