No matter what the outcome of my return to the Fourth District Court of Appeal may be, the victory for the great people of Florida is that the real estate law has been established and upheld
(PRWEB) April 04, 2013
According to a report in the Miami Herald, the Florida Supreme Court ruled on Thursday 6 to 1 that oral agreements modifying written contracts for a real estate sale are invalid, siding with legendary boxing promoter Don King and sending the dispute back to the Fourth District Court of Appeal.
“This is the greatest nation in the world,” said King in response to the ruling. “No matter what the outcome of my return to the Fourth District Court of Appeal may be, the victory for the great people of Florida is that the real estate law has been established and upheld.”
In DK Arena, Inc. v. EB Acquisitions I, LLC (SC10-897), the Florida Supreme Court reaffirmed the Florida rule that promissory estoppel does not create an exception to the Statute of Frauds. The Statute of Frauds, codified in Florida since 1828, provides in pertinent part that no one may bring an action against another involving the sale of lands (and certain other circumstances) unless there exists a writing that memorializes the agreement and is signed by the person against whom enforcement is sought.Section 725.01, Fla. Stat.
The dispute stems from 2004 when King's company agreed to allegedly sell the Mangonia Park fron-ton to a development group.
“The ambiguity and confusion has been removed,” King remarked. “No more ‘he said, I said’ or ‘I believe this one, but I don’t believe that one.’ If it’s important enough to agree to something verbally, it’s important enough to write it down.”
“God bless America and God bless the Supreme Court,” King said. “Thanks to my fantastic lawyers Alvin Davis and Tom Egan of Squires, Sanders, and Dempsey.”