Scott v. Moragues Lumber Co.
Facts: Scott agreed with the defendant to haul freight to Argentina, on condition of purchasing a boat. After buying his boat he instead chartered the boat to another person. Plaintiff was ready, willing, and able to perform its part of the bargain.
Procedural History: Lower court found for Plaintiff. Defendant appealed. Appellate court found for Plaintiff. Defendant appealed.
Issue: Is Scott required to fulfill his part of the bargain?
Reasons: The condition of buying the boat was fulfilled, so the contract became a binding agreement.