Bob Acres, LLC v. Schumacher Farms, LLC

OPINION

CRIPPEN, Judge.*

Appellant BOB Acres, LLC, seeks performance of its 2006 agreement to buy real estate from respondent Schumacher Farms, LLC, and disputes the district court’s summary judgment concluding that the contract was invalid. Because the district court erred in determining that the agreement lacked consideration, we reverse, but we remand for the court’s determination of an appropriate remedy for respondent’s failure to perform.

FACTS

On June 12, 2006, appellant entered into a written agreement to purchase 25 acres of undeveloped land from respondent for $70,000; the sale was to…