Supreme Court Enforces Oral — Agreement to Purchase Investment Property
In a recent case, the Texas Supreme Court enforced an agreement between friends to purchase 3,800 acres for investment property. The case was Ganim v. Alattar, ___ S.W.3d ___ (Tex. 2011)(6/24/11). In it, two friends decided to invest in property and form a partnership to own it. After they made an offer on the property…
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