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Seller that lawfully terminated purchase agreement for environmental issues breached duty of good faith and fair dealing

  • Taft Stettinius & Hollister LLP
  • -
  • USA
  • -
  • July 7 2011

In Hometown Folks, LLC, v. S & B Wilson, Inc., et al., -- F.3d --, 2011 WL 2566825 (C.A. 6, June 30, 2011 (Tenn.)), the Sixth Circuit Court of Appeals held, under Tennessee law, that a seller of several Burger King franchises could lawfully terminate the purchase agreement because of environmental issues