The plaintiff purchaser brought an action for specific performance of an oral agreement to purchase a 32-acre property from the defendant owner.
The parties had negotiated an all-cash deal for $4.1 million, with the purchaser paying a $200,000 broker commission.
The owner later refused to close the transaction, arguing there was no binding agreement and relying on the Statute of Frauds.
The Superior Court of Justice found that a binding oral agreement was reached on all essential terms.
The court held that the doctrine of part performance applied, taking the agreement outside the Statute of Frauds, as both parties had engaged in acts unequivocally referable to the land.
Finding the property unique due to its contiguity with the purchaser's existing land, the court ordered specific performance.