Daniel Fox owned Fox & Lamberth Enterprises, Inc., a kitchen remodeling business. Fox leased a building from Carl Hussong. When Fox planned to close his business, Craftsmen Home Improvement, Inc., expressed an interest in buying his assets. Fox set a price of $50,000. Craftsmen’s owners agreed and gave Fox a list of the desired items and “Bill of Sale” that set the terms for payment. Craftsmen expected to negotiate a new lease with Hussong and modified the premises, including removal of some of the displays. When Hussong and Craftsmen could not agree on new terms, Craftsmen told Fox that the deal was off. Is this deal enforceable under the Statute of Frauds? If so, is it fair to Craftsmen? Discuss. [Fox & Lamberth Enterprises, Inc. v. Craftsmen Home Improvement, Inc., __N.E.2d __ (2006)]
