In Shelton v. Kennedy Funding, Inc., No. 09-1670, a breach-of-contract and fraud action arising out of the sale of an Arkansas cemetery and involving the alleged breach of a loan agreement, the court affirmed judgment for plaintiff where 1) the Estoppel Certificate at issue did not fall within the surety prong of the Arkansas Statute of Frauds; 2) a reasonable jury could find the certificate’s terms were sufficiently definite to impose an obligation upon defendant to place $675,000 in an escrow account for plaintiff’s benefit in the event of a default on the loan; and 3) projections of future events or conduct could not support a fraud claim as a matter of law.
Related Resources
- Full Text of Shelton v. Kennedy Funding, Inc., No. 09-1670
You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help
Civil Rights
Block on Trump’s Asylum Ban Upheld by Supreme Court
Criminal
Judges Can Release Secret Grand Jury Records
Politicians Can’t Block Voters on Facebook, Court Rules
