Pappas Industrial Parks, Inc. v. Psarros

For purposes of deciding the appeal, we must assume that Athena and John Psarros made an oral promise to sell to Pappas Industrial Parks, Inc. (“Pappas”), real estate at 57 Fargo Street, South Boston. Pappas argues that, the Statute of Frauds notwithstanding , 2 it is entitled to performance because it reasonably relied to its detriment on the oral promise, and that the Psarroses are estopped to deny that promise. We conclude that the case is one of imperfect negotiations which did not give rise to an enforceable promise, and that judgment was rightly entered for the defendants, the…