Foxworthy v. Norstam Veneers, Inc.

LEIBSON, Justice.

Movants, Foxworthy and Lea (plaintiffs in the trial court and appellants in the Court of Appeals), filed suit in Jefferson Circuit Court against respondent, Norstam Veneers, Inc. (a defendant in the trial court and the appellee in the Court of Appeals), alleging breach of contract in failing to perform an “Agreement” dated March 18, 1988 to negotiate the sale of the business and assets of Norstam and a “Letter of Intent” dated June 22, 1988 extending the “terms and conditions of the agreement ... until July 13, 1988.” In the Letter of Intent the parties “agree[d] to negotiate…