[Download] "Channel Home Centers Division of Grace Retail Corp. v. Grossman" by United States Court of Appeals for the Third Circuit * eBook PDF Kindle ePub Free
eBook details
- Title: Channel Home Centers Division of Grace Retail Corp. v. Grossman
- Author : United States Court of Appeals for the Third Circuit
- Release Date : January 07, 1986
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 81 KB
Description
This diversity case presents the question whether, under Pennsylvania law, a property owners promise to a prospective tenant, pursuant to a detailed letter of intent, to negotiate in good faith with the prospective tenant and to withdraw the lease premises from the marketplace during the negotiation, can bind the owner for a reasonable period of time where the prospective tenant has expended significant sums of money in connection with the lease negotiations and preparation and where there was evidence that the letter of intent was of significant value to the property owner. We hold that it may. We therefore vacate and reverse the district courts determination that there was no enforceable agreement, and remand the case for trial.