Happy Valley Homes, Inc. v. American Glanzstoff Corporation

Order: 
Supreme Court Case Name: 
Happy Valley Homes, Inc. v. American Glanzstoff Corporation
Case Date: 
1931
Court Origin: 
Chancery
Cause/Crime: 
Breach of Contract

Database - TN Research:

County:

Division: 
East
Number of Pages: 
671
Notes / Description: 

In 1928, the parties entered a contract where the plaintiff agreed to buy lots and build 12 houses on them, ready for occupancy a few months later. The defendant agreed to be liable for the rent for the first ten years, at $393.10 per month. After the first month, the defendant refused to pay the plaintiff, instead collecting rent from the houses but not forwarding the money, even though the plaintiff accepted a loss of $10,000 due to the contractual estimate for construction.