VanWay v. Communications Broadcasting, Inc.

CULPEPPER, Judge.

This is a suit for damages for breach of an initial letter agreement to later enter into a formal written lease. Plaintiff, a building contractor, agreed to construct an FM radio station and lease it to defendant. The initial agreement was conditioned on defendant obtaining an F.C.C. permit to operate the station and certain conditions regarding financing, etc. Plaintiff alleges that after all arrangements had been completed for the construction of the building and all terms agreed on for the formal lease agreement, defendant refused to sign the lease. From an adverse…